Wichita, KS — Rental Investment Analysis
🔴WEAK— appreciation play onlyCap Rate
3.8%
Below average
Monthly Cash Flow
-$525
After all expenses
Price-to-Rent
14.9
Investor-friendly
DSCR
0.59
Fails
📊 Key Metrics
- Median Home Price
- $247,366
- Average Rent (3BR)
- $1,420/mo
- Price-to-Rent Ratio
- 14.9(good)
- 1% Rule
- 0.56%(fails — need 1%+)
- Cash-on-Cash Return
- -11.3%
- Vacancy Rate
- 8.0%
📈 Market Strength
Assumptions Used
20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance
Customize these numbers →📈 Population Movement (Tax Year 2021→2022)
Net Migration
-343 households
SHRINKING
Total Inflow
3,574
households moved in
Avg Income (New Residents)
$57,197
per household
Where they're coming from:
1.Butler, KS864 households · avg $61,654
2.Harvey, KS332 households · avg $47,967
3.Johnson, KS223 households · avg $76,399
4.Cowley, KS170 households · avg $34,712
5.Maricopa, AZ133 households · avg $55,617
Where residents are leaving to:
1.Butler, KS991 households
2.Johnson, KS360 households
3.Harvey, KS305 households
4.Jackson, MO181 households
5.Cowley, KS161 households
💡 Net outflow may indicate weakening demand — but can mean lower prices and higher cap rates.
🏘️ Best Zip Codes in Wichita for Investors
All Zip Codes in Wichita
| Zip | Cap Rate | Cash Flow | Home Price | Rent (3BR) | DSCR |
|---|---|---|---|---|---|
| 67214 | 10.5% | +$321 | $93,554 | $1,160/mo | 1.64 |
| 67213 | 8.8% | +$242 | $122,275 | $1,300/mo | 1.37 |
| 67211 | 8.3% | +$201 | $123,499 | $1,260/mo | 1.31 |
| 67216 | 7.2% | +$94 | $134,456 | $1,220/mo | 1.13 |
| 67217 | 6.7% | +$45 | $163,655 | $1,400/mo | 1.05 |
| 67218 | 6.3% | -$15 | $153,163 | $1,240/mo | 0.98 |
| 67208 | 6.1% | -$46 | $180,897 | $1,430/mo | 0.95 |
| 67203 | 6.0% | -$51 | $165,765 | $1,300/mo | 0.94 |
| 67215 | 5.8% | -$119 | $262,220 | $2,010/mo | 0.91 |
| 67212 | 4.5% | -$383 | $239,298 | $1,500/mo | 0.70 |
| 67204 | 4.5% | -$318 | $198,019 | $1,240/mo | 0.70 |
| 67235 | 3.8% | -$773 | $359,226 | $2,010/mo | 0.60 |
| 67207 | 3.8% | -$519 | $240,115 | $1,340/mo | 0.59 |
| 67209 | 3.7% | -$566 | $256,778 | $1,420/mo | 0.59 |
| 67205 | 3.7% | -$811 | $364,895 | $2,010/mo | 0.58 |
| 67220 | 3.7% | -$552 | $247,366 | $1,360/mo | 0.58 |
| 67210 | 3.6% | -$525 | $223,876 | $1,200/mo | 0.56 |
| 67223 | 3.4% | -$837 | $334,758 | $1,730/mo | 0.53 |
| 67202 | 3.2% | -$756 | $284,931 | $1,420/mo | 0.50 |
| 67226 | 3.1% | -$882 | $326,823 | $1,610/mo | 0.49 |
| 67230 | 2.8% | -$1,296 | $436,911 | $2,010/mo | 0.44 |
| 67206 | 2.4% | -$1,202 | $364,484 | $1,530/mo | 0.38 |
| 67227 | 1.9% | -$1,844 | $490,182 | $1,780/mo | 0.29 |
| 67228 | 1.8% | -$1,850 | $480,102 | $1,690/mo | 0.28 |
| 67232 | 1.7% | -$1,765 | $454,085 | $1,580/mo | 0.27 |