2704 University DrLawrenceKS66049
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
Investment property for sale in Lawrence at 2704 University Dr, Lawrence, KS, 66049 uses $81,218 cash to close to unlock $3,314/yr annual cash flow and $276/mo monthly cash flow. Total monthly income runs $1,906/mo, and a $1,199/mo payment keeps the spread at $276/mo. Purchase price stands at $245,000, and rental yield measures 9.34% with $1,906/mo rent. Return on cash invested shows 23.99% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 125.38% and total cumulative return in cash records $101,832. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,906/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Townhouse
Built in 1974
6,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66049, Lawrence, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,131 (100%) |
| Owner Occupied HU | 7,951 (49.3%) |
| Renter Occupied HU | 7,019 (43.5%) |
| Vacant Housing Units | 1,161 ( 7.2%) |
| Median Home Value | $373,127 |
| Average Home Value | $405,069 |
Housing Distribution
Address Breakdown
Residential
15,168
Single Family
13,350
Multi-Family
1,818
Businesses
675
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices