1908 E 24th StLawrenceKS66046
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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 1908 E 24th St, Lawrence, KS, 66046 generates $2,440/mo in rent and, after a $1,357/mo payment, leaves $596/mo in cash flow. Total monthly income is $2,440/mo, and annual cash flow is $7,147/yr on $91,892 invested. Return on cash invested sits at 27.69% in year one, and rental yield is 10.56% on a $277,200 entry. Equity gained on principal adds $1,789/yr, while 5% annual appreciation builds toward $76,585 over five years. Five-year ROI reaches 145.17% and total cumulative return in cash sums $133,398. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,440/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66046, Lawrence, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,259 (100%) |
| Owner Occupied HU | 3,894 (42.1%) |
| Renter Occupied HU | 4,679 (50.5%) |
| Vacant Housing Units | 686 ( 7.4%) |
| Median Home Value | $233,787 |
| Average Home Value | $291,424 |
Housing Distribution
Address Breakdown
Residential
9,370
Single Family
8,089
Multi-Family
1,281
Businesses
872
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