$160,000
5509 S Charles St, Wichita, KS 67217-5068
This house listed courtesy of Heritage 1st Realty.
Listing Agent: Amanda Jolley
Turnkey rent-to-own (RTO) investment opportunity offering built-in long-term stability and minimal management. The property is occupied by an RTO tenant who covers all expenses, including utilities, insurance, taxes, and repairs, making this a truly hands-off investment. The home is secured with a 30-year note running from 10/1/2025 through 9/1/2055, with a monthly principal and interest payment of $1,211. The RTO note balance is $168,080.78, providing strong cash flow and dependable income over the life of the note. This property is ideal for investors seeking predictable returns, low maintenance, and tenant-paid ownership costs. The seller will consider owner financing. This property may be purchased individually or as part of a 15-door investment portfolio, offered at a total purchase price of $1.3 million and generating approximately $13,562 per month in gross rental income. Portfolio terms and structure are negotiable, providing flexibility for investors looking to scale.
- $160,000
- Year Built: 2001
- Tot Bed: 4
- Tot Baths: 2
- Garage:
- TFLA: 1,976
- Basement: None
- Gen Tax: $795.00/YR
- Yr Spec: $4.00/YR
More features
- Appliances:
- Architecture: Mobile/Mfd-Perm Found.
- Basement: None
- Basement Foundation: Crawl Space
- Cooling: Central Air,Electric
- Dining Area: Eating Bar,Eating Space in Kitchen,Kitchen/Dining Combo
- Exterior Amenities: Storm Shelter,Vinyl/Aluminum
- Exterior Construction:
- Fireplace:
- Flood Insurance: Unknown
- Frontage: Paved Road
- Garage: Carport
- Heating: Forced Air,Natural Gas
- Hoa Include:
- Interior: Ceiling Fan(s),Walk-In Closet(s),Vaulted Ceiling(s)
- Internet:
- Kitchen: Eating Bar,Island,Pantry,Range Hood,Gas Hookup
- Laundry: Main Floor,Separate Room,220 equipment
- Lot Desc: Standard
- Master Bedroom: Master Bdrm on Main Level,Master Bedroom Bath,Sep. Tub/Shower/Mstr Bdrm,Two Sinks
- Neighborhood: Sidewalks
- Other Rooms:
- Ownership: Individual
- Roof: Composition
- Utilities: Sewer Available,Natural Gas Available,Public
- Warranty:
Schools
- Elementary School: Ruth Clark
- Middle School: Haysville
- High School: Campus
The data relating to real estate on this web site comes in part from the South Central Kansas MLS, and includes listings held by other brokerage firms. All information is deemed reliable, but not guaranteed, and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Crown III Realty shall be responsible for typographical errors, misinformation, misprints, and shall be held totally harmless. Listing information is provided for the consumer's personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing.
