3701 W 24th StLawrenceKS66047
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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 3701 W 24th St, Lawrence, KS, 66047 listed at $279,900 pairs $2,160/mo rent with a $1,370/mo payment to leave $298/mo cash flow. Total monthly income runs $2,160/mo, and annual cash flow reaches $3,574/yr on $92,787 cash to close. Return on cash invested measures 23.76% in year one, and rental yield registers 9.26% at a $279,900 basis. Equity gained on principal adds $1,806/yr, and annual property appreciation at 5% supports $77,331 by year five. Five-year ROI tracks 124.12% and total cumulative return in cash totals $115,165. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,160/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1978
N/A 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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Nearby investment properties with comparable prices
Listed by: SHAWN R HOLIDAY • COMPASS REALTY GROUP
Mls Name: LBORMLS
Mls Provider:
Mls ID: #164205
Disclaimer: The data displayed on this page is confidential, proprietary, and copyrighted data of Lawrence Multiple Listing Service, Inc., of the Lawrence, Kansas, Board of REALTORS, Copyright 2025. Lawrence Multiple Listing Service, Inc., and Zillow, Inc. do not make any warranty or representation concerning the timeliness or accuracy of the data displayed herein. In consideration for the receipt of the data on this page, the recipient agrees to use the data solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring.