523 N Monterey WayLawrenceKS66049
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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
Rental property for sale in Lawrence at 523 N Monterey Way, Lawrence, KS, 66049 priced at $420,200 pairs $3,172/mo rent with $376/mo cash flow after a $2,057/mo payment. Total monthly income equals $3,172/mo, and annual cash flow comes to $4,514/yr on $139,296 invested. Return on cash invested is 23.15% in year one, and rental yield stands at 9.06% on a $420,200 basis. Equity gained on principal adds $2,711/yr, and 5% annual appreciation accumulates to $116,094 by year five. Five-year ROI measures 120.85% and total cumulative return in cash reaches $168,346. For financing, Ziffy Mortgage’s DSCR program evaluates $3,172/mo property income against a $2,057/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2014
0.30 Acres 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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