1709 Lake Alvamar DrLawrenceKS66047
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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
Investment Highlights
Rental property for sale in Lawrence at 1709 Lake Alvamar Dr, Lawrence, KS, 66047 priced at $1,195,000 converts $3,000/mo rent into after a $5,849/mo obligation. Total monthly income equals $3,000/mo. Return on cash invested prints 5.03% in year one, and rental yield reads 3.01% against a $1,195,000 entry. Equity gained on principal adds $7,711/yr, while 5% annual appreciation compiles into $330,156 by year five. Five-year ROI reaches 23.56% and total cumulative return in cash sums $91,238. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,000/mo property income covering a $5,849/mo payment, not borrower’s personal income.
Single Family
Built in 2004
1.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66047, Lawrence, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,818 (100%) |
| Owner Occupied HU | 4,423 (45.0%) |
| Renter Occupied HU | 4,791 (48.8%) |
| Vacant Housing Units | 604 ( 6.2%) |
| Median Home Value | $326,179 |
| Average Home Value | $371,531 |
Housing Distribution
Address Breakdown
Residential
9,210
Single Family
7,828
Multi-Family
1,382
Businesses
281
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