2406 Alabama St UNIT 8CLawrenceKS66046
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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 2406 Alabama St UNIT 8C, Lawrence, KS, 66046 uses $52,145 cash to close to unlock $5,969/yr annual cash flow and $497/mo monthly cash flow. Total monthly income runs $1,544/mo, and a $770/mo payment keeps the spread at $497/mo. Purchase price stands at $157,300, and rental yield measures 11.78% with $1,544/mo rent. Return on cash invested shows 31.36% in year one, and 5% annual appreciation builds toward $43,459 over five years. Five-year ROI reaches 164.9% and total cumulative return in cash records $85,986. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,544/mo property income covering a $770/mo payment rather than investor’s personal income.
Townhouse
Built in N/A
N/A 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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