4500 Bob Billings Pkwy UNIT 408LawrenceKS66049
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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 4500 Bob Billings Pkwy UNIT 408, Lawrence, KS, 66049 offers a 2.68% rental yield on a $349,900 purchase with $780/mo rent. 89% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,671 over five years. Portfolio math shows five-year ROI at 17.56% and total cumulative return in cash at $20,370. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $780/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2013
N/A 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
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