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503 Colorado Street Unit 4
503 Colorado Street Unit 4
Lawrence, KS 66044
Airbnb listing
About
3-bedroom, 2-bath condo in Lawrence rented by the room, with two bedrooms operating as Airbnb rentals and one bedroom on a month-to-month lease. The unit functions with a mixed short-term and long-term rental setup. The property is located in a college-town environment anchored by University of Kansas, with access to local arts, dining, and nightlife.
Property Management
Clay Westerlund
Clay Westerlund is an operator and strategist focused on building and scaling real estate-driven businesses, with experience in short-term rental operations and portfolio growth. He has worked hands-on in the STR space through ventures like Short Stays Worldwide, where he focused on optimizing performance, systems, and operational infrastructure. Clay emphasizes building scalable real estate systems — combining acquisition, revenue optimization, and process design to turn properties into repeatable, high-performing assets. His work sits at the intersection of real estate, operations, and business systems, with a focus on sustainable growth and long-term asset performance.
Due Diligence Documents
About this offering
The Market
Lawrence, KS
Lawrence is home to the University of Kansas, which brings a steady stream of students, faculty, and staff who need housing every year. Its walkable downtown along Massachusetts Street is full of local shops, restaurants, and music venues. Located on I-70 between Kansas City and Topeka, Lawrence offers college-town charm with easy access to two larger job markets.
Property Updates
The net cash flow in July was -$395.73, compared to June's net cash flow of $642.96.
Investor Reviews
Frequently Asked Questions
Have questions?
Have other questions? Learn how Lofty works
Share price
503 Colorado Street Unit 4
Lawrence, KS 66044
About
3-bedroom, 2-bath condo in Lawrence rented by the room, with two bedrooms operating as Airbnb rentals and one bedroom on a month-to-month lease. The unit functions with a mixed short-term and long-term rental setup. The property is located in a college-town environment anchored by University of Kansas, with access to local arts, dining, and nightlife.
Property Management
Clay Westerlund
Clay Westerlund is an operator and strategist focused on building and scaling real estate-driven businesses, with experience in short-term rental operations and portfolio growth. He has worked hands-on in the STR space through ventures like Short Stays Worldwide, where he focused on optimizing performance, systems, and operational infrastructure. Clay emphasizes building scalable real estate systems — combining acquisition, revenue optimization, and process design to turn properties into repeatable, high-performing assets. His work sits at the intersection of real estate, operations, and business systems, with a focus on sustainable growth and long-term asset performance.
Due Diligence Documents
Offering Details
The Market
Lawrence, KS
Lawrence is home to the University of Kansas, which brings a steady stream of students, faculty, and staff who need housing every year. Its walkable downtown along Massachusetts Street is full of local shops, restaurants, and music venues. Located on I-70 between Kansas City and Topeka, Lawrence offers college-town charm with easy access to two larger job markets.
Property Updates
The net cash flow in July was -$395.73, compared to June's net cash flow of $642.96.
Investor Reviews
Frequently Asked Questions
Need Help?
Have other questions? Learn how Lofty works
Not paying rent right now
Projected Returns
Investing with Lofty can generate returns in two ways:
1) Annual cash flow from rental income.
2) Annual appreciation from long-term property value changes.
Monthly Cash Flow
$1,660.00
Monthly Rent
$1,660.00
Monthly Expenses
$0.00
Paid to investors
Annual Appreciation
Based on the Zillow Value Home Index (ZHVI) Single Family Homes Time Series, single family homes appreciated an average of 11% per year over the last 20 years (March 31, 2003 - March 31, 2023).
This figure reflects a national benchmark for single family homes in the 35th to 65th home-price percentile range and may not represent this specific property's zip code. Real-world returns can also vary based on investment costs, hold period, and leverage.
Use the returns calculator below to explore how different assumptions can impact your hypothetical investment outcome.
Projected Returns Calculator
Adjust the assumptions below to model how this property could grow over 7 years.
Annualized Return
+3.6%
per year over 7 years
7-Year Projection
$1,286
+$286 vs. initial $1,000
This calculator is for illustrative purposes only and displays a range of hypothetical investment outcomes based on the inputs you provide. Actual investment outcomes depend on many factors and cannot be determined before the investment period ends. Historical performance is not indicative of future results.
The calculations assume a 7-year hold period and an average annual net operating income increase of 3%. The 10- and 20-year averages are based on data from the ZHVI Single Family Homes Time Series and reflect averages for single-family homes in the 35th to 65th percentile by home price.