2406 Alabama St UNIT 4BLawrenceKS66046
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 2406 Alabama St UNIT 4B, Lawrence, KS, 66046 in Lawrence at $145,000 earns $1,098/mo in rent and nets $133/mo after the $652/mo payment, a 9.09% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $40,061 over five years. Ziffy Mortgage underwrites this on a 1.68 DSCR without U.S. credit history. With $1,335/yr in principal paydown, total projected return reaches $63,898.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 6.2% |
| Monthly Cash Flow | $133 | $450 |
City averages based on Lawrence market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,098 |
| Total Monthly Debt Service | $907 |
| DSCR Ratio | 1.21x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1980
871 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Townhouse
Built in 1980
871 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices