100 N 2nd St #ELansingIA52151
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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 Lansing at 100 N 2nd St #E, Lansing, IA, 52151 offers a 11.78% rental yield on a $114,400 purchase with $1,123/mo rent. Total monthly income registers $1,123/mo, and a $560/mo payment leaves $378/mo available for distribution. Annual cash flow reaches $4,539/yr on $37,924 to close, and return on cash invested stands at 31.88% in year one. Equity gained on principal adds $738/yr while 5% annual appreciation supports $31,607 over five years. Portfolio math shows five-year ROI at 167.55% and total cumulative return in cash at $63,541. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,123/mo property income against a $560/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1996
9,629 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52151, Lansing, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,392 (100%) |
| Owner Occupied HU | 734 (52.7%) |
| Renter Occupied HU | 165 (11.9%) |
| Vacant Housing Units | 493 (35.4%) |
| Median Home Value | $240,625 |
| Average Home Value | $356,805 |
Housing Distribution
Address Breakdown
Residential
734
Single Family
731
Multi-Family
3
Businesses
74
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