2308 Anderson RdLawrenceKS66046
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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 2308 Anderson Rd, Lawrence, KS, 66046 offers a 9.88% rental yield on a $344,200 purchase with $2,834/mo rent. Total monthly income registers $2,834/mo, and a $1,685/mo payment leaves $544/mo available for distribution. Annual cash flow reaches $6,525/yr on $114,102 to close, and return on cash invested stands at 25.63% in year one. Equity gained on principal adds $2,221/yr while 5% annual appreciation supports $95,096 over five years. Portfolio math shows five-year ROI at 134.12% and total cumulative return in cash at $153,029. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,834/mo property income against a $1,685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
0.64 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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