2820 Kensington RdLawrenceKS66046
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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 2820 Kensington Rd, Lawrence, KS, 66046 offers $2,348/mo rent that, after a $1,543/mo payment, leaves $251/mo cash flow. Total monthly income is $2,348/mo, and annual cash flow is $3,007/yr on $104,522 cash. Return on cash invested measures 22.79% in year one, and rental yield stands at 8.94% at a $315,300 entry. Equity gained on principal adds $2,035/yr while 5% annual appreciation compounds into $87,112 by year five. Five-year ROI records 118.88% and total cumulative return in cash reaches $124,251. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,348/mo property income versus a $1,543/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
8,276 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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