0 Lakeview Rd, Leon, IA, 50144 | 2.19% Rental Yield

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0 Lakeview Rd, Leon, IA, 50144 | 2.19% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Leon at 0 Lakeview Rd, Leon, IA, 50144 priced at $494,000 converts $900/mo rent into after a $2,418/mo obligation. Total monthly income equals $900/mo. Return on cash invested prints 2.99% in year one, and rental yield reads 2.19% against a $494,000 entry. Equity gained on principal adds $3,188/yr, while 5% annual appreciation compiles into $136,483 by year five. Five-year ROI reaches 12.54% and total cumulative return in cash sums $20,528. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $900/mo property income covering a $2,418/mo payment, not borrower’s personal income.

Single Family

Built in N/A

80 Acres lot

$N/A/sqft

No HOA

More details about the property

80 Acres +/- farm in Decatur County. This particular tract of land gives the owner multiple possibilities for both work and play. The farm is currently being used for corn and soybean production. The seller would consider continuing to rent the farm once sold if the buyer was interested. Due to its excellent location to Little River Lake it could also be an ideal building site. The seller would also entertain the idea of selling smaller parcels for those who may want a remote and scenic place to build a home. The Iowa DNR is currently building the Savanna Hills Nature Center located just a mile south of the property. The center will benefit the community with endless opportunities for outdoor education and recreation. Little River Lake is a 787 acre lake with premier fishing, waterfowl hunting, and pleasure boating, and in addition the surrounding area provides some excellent deer, turkey, and upland game hunting.

Neighborhood Data

Neighborhood data shown for ZIP Code: 50144, Leon, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,258 (100%)
Owner Occupied HU	744 (59.1%)
Renter Occupied HU	310 (24.6%)
Vacant Housing Units	204 (16.2%)
Median Home Value	$118,750
Average Home Value	$214,284