2423 Arkansas StLawrenceKS66046
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 2423 Arkansas St, Lawrence, KS, 66046 offers $2,414/mo rent that, after a $1,494/mo payment, leaves $383/mo cash flow. Total monthly income is $2,414/mo, and annual cash flow is $4,600/yr on $101,174 cash. Return on cash invested measures 24.46% in year one, and rental yield stands at 9.49% at a $305,200 entry. Equity gained on principal adds $1,969/yr while 5% annual appreciation compounds into $84,321 by year five. Five-year ROI records 127.85% and total cumulative return in cash reaches $129,348. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,414/mo property income versus a $1,494/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
0.29 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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