709 N Michigan CirLawrenceKS66044
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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 709 N Michigan Cir, Lawrence, KS, 66044 with 5% annual appreciation on a $378,500 basis while $2,403/mo rent supports operations. 8% in year one. Equity gained on principal adds $2,442/yr, and five-year appreciation sums $104,573 alongside rental yield of 7.62%. Five-year ROI measures 97.53% and total cumulative return in cash totals $122,374. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,403/mo property income versus a $1,853/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1998
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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