1904 W 3rd StLawrenceKS66044
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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
Investment property for sale in Lawrence at 1904 W 3rd St, Lawrence, KS, 66044 earns $216/mo cash flow from $1,500/mo rent with a $945/mo payment. Total monthly income totals $1,500/mo, and annual cash flow totals $2,588/yr on $63,980 capital. ROI tracks 23.95% on current figures, and rental yield reads 9.33% at a $193,000 purchase. Equity gained on principal adds $1,245/yr, and 5% annual appreciation supports $53,322 over five years. Five-year ROI reaches 125.15% and total cumulative return in cash sums $80,070. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,500/mo property income instead of your personal income.
Townhouse
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66044, Lawrence, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,651 (100%) |
| Owner Occupied HU | 4,587 (36.3%) |
| Renter Occupied HU | 6,940 (54.9%) |
| Vacant Housing Units | 1,124 ( 8.9%) |
| Median Home Value | $254,609 |
| Average Home Value | $350,963 |
Housing Distribution
Address Breakdown
Residential
12,030
Single Family
9,834
Multi-Family
2,196
Businesses
1,537
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Listed by: Randy Russell • STEPHENS REAL ESTATE, INC
Mls Name: LBORMLS
Mls Provider:
Mls ID: #162964
Disclaimer: The data displayed on this page is confidential, proprietary, and copyrighted data of Lawrence Multiple Listing Service, Inc., of the Lawrence, Kansas, Board of REALTORS, Copyright 2025. Lawrence Multiple Listing Service, Inc., and Zillow, Inc. do not make any warranty or representation concerning the timeliness or accuracy of the data displayed herein. In consideration for the receipt of the data on this page, the recipient agrees to use the data solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring.