2566 Ridge CtLawrenceKS66046
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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 2566 Ridge Ct, Lawrence, KS, 66046 uses $86,190 cash to close to unlock $1,330/yr annual cash flow and $111/mo monthly cash flow. Total monthly income runs $1,841/mo, and a $1,273/mo payment keeps the spread at $111/mo. Purchase price stands at $260,000, and rental yield measures 8.5% with $1,841/mo rent. Return on cash invested shows 21.45% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 111.72% and total cumulative return in cash records $96,293. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,841/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Single Family
Built in 1962
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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