908 N Ridgewood DrWichitaKS67208
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 908 N Ridgewood Dr, Wichita, KS, 67208 in Wichita at $165,000 earns $1,160/mo in rent and nets $63/mo after the $742/mo payment, a 8.44% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $45,586 over five years. Ziffy Mortgage underwrites this on a 1.56 DSCR without U.S. credit history. With $1,520/yr in principal paydown, total projected return reaches $66,914.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 5.8% |
| Monthly Cash Flow | $63 | $1,240 |
City averages based on Wichita market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,160 |
| Total Monthly Debt Service | $1,032 |
| DSCR Ratio | 1.12x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1948
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67208, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,068 (100%) |
| Owner Occupied HU | 3,925 (48.6%) |
| Renter Occupied HU | 3,278 (40.6%) |
| Vacant Housing Units | 865 (10.7%) |
| Median Home Value | $241,955 |
| Average Home Value | $305,559 |
Housing Distribution
Address Breakdown
Residential
8,236
Single Family
7,101
Multi-Family
1,135
Businesses
855
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Single Family
Built in 1948
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67208, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,068 (100%) |
| Owner Occupied HU | 3,925 (48.6%) |
| Renter Occupied HU | 3,278 (40.6%) |
| Vacant Housing Units | 865 (10.7%) |
| Median Home Value | $241,955 |
| Average Home Value | $305,559 |
Housing Distribution
Address Breakdown
Residential
8,236
Single Family
7,101
Multi-Family
1,135
Businesses
855
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices