2406 Alabama St UNIT 9DLawrenceKS66046
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
Investment Highlights
Rental property for sale in Lawrence at 2406 Alabama St UNIT 9D, Lawrence, KS, 66046 generates $1,197/mo in rent and, after a $759/mo payment, leaves $92/mo in cash flow. Total monthly income is $1,197/mo, and annual cash flow is $1,105/yr on $51,383 invested. Return on cash invested sits at 22.06% in year one, and rental yield is 9.27% on a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 115.7% and total cumulative return in cash sums $59,452. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,197/mo property income rather than buyer’s personal income.
Townhouse
Built in 1980
N/A lot
$N/A/sqft
$880 annually 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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Nearby investment properties with comparable prices
Listed by: Nicole M Smith • PLATINUM REALTY
Mls Name: LBORMLS
Mls Provider:
Mls ID: #163577
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.