3024 W 23rd TerLawrenceKS66047
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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 3024 W 23rd Ter, Lawrence, KS, 66047 generates $2,320/mo in rent and, after a $1,211/mo payment, leaves $674/mo in cash flow. Total monthly income is $2,320/mo, and annual cash flow is $8,086/yr on $82,046 invested. Return on cash invested sits at 29.76% in year one, and rental yield is 11.25% on a $247,500 entry. Equity gained on principal adds $1,597/yr, while 5% annual appreciation builds toward $68,380 over five years. Five-year ROI reaches 156.28% and total cumulative return in cash sums $128,225. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,320/mo property income rather than buyer’s personal income.
Single Family
Built in 1987
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66047, Lawrence, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,818 (100%) |
| Owner Occupied HU | 4,423 (45.0%) |
| Renter Occupied HU | 4,791 (48.8%) |
| Vacant Housing Units | 604 ( 6.2%) |
| Median Home Value | $326,179 |
| Average Home Value | $371,531 |
Housing Distribution
Address Breakdown
Residential
9,210
Single Family
7,828
Multi-Family
1,382
Businesses
281
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