2621 Chasehire DrLawrenceKS66046
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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
Rental property for sale in Lawrence at 2621 Chasehire Dr, Lawrence, KS, 66046 generates $2,821/mo in rent and, after a $1,867/mo payment, leaves $283/mo in cash flow. Total monthly income is $2,821/mo, and annual cash flow is $3,398/yr on $126,467 invested. Return on cash invested sits at 22.6% in year one, and rental yield is 8.87% on a $381,500 entry. Equity gained on principal adds $2,462/yr, while 5% annual appreciation builds toward $105,401 over five years. Five-year ROI reaches 117.89% and total cumulative return in cash sums $149,092. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,821/mo property income rather than buyer’s personal income.
Single Family
Built in 2018
9,147 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
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