705 Rhode Island St #ALawrenceKS66044
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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 705 Rhode Island St #A, Lawrence, KS, 66044 offers $1,500/mo rent that, after a $3,250/mo payment. Total monthly income is $1,500/mo. Return on cash invested measures 4.03% in year one, and rental yield stands at 2.71% at a $664,000 entry. Equity gained on principal adds $4,285/yr while 5% annual appreciation compounds into $183,451 by year five. Five-year ROI records 18.29% and total cumulative return in cash reaches $39,965. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,500/mo property income versus a $3,250/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66044, Lawrence, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,651 (100%) |
| Owner Occupied HU | 4,587 (36.3%) |
| Renter Occupied HU | 6,940 (54.9%) |
| Vacant Housing Units | 1,124 ( 8.9%) |
| Median Home Value | $254,609 |
| Average Home Value | $350,963 |
Housing Distribution
Address Breakdown
Residential
12,030
Single Family
9,834
Multi-Family
2,196
Businesses
1,537
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