101 5th Ave NELe MarsIA51031
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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 Le Mars at 101 5th Ave NE, Le Mars, IA, 51031 uses $76,212 cash to close to unlock $4,970/yr annual cash flow and $414/mo monthly cash flow. Total monthly income runs $1,907/mo, and a $1,125/mo payment keeps the spread at $414/mo. Purchase price stands at $229,900, and rental yield measures 9.95% with $1,907/mo rent. Return on cash invested shows 26.43% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 138.26% and total cumulative return in cash records $105,371. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,907/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Single Family
Built in 1952
5,662 sqft lot
$N/A/sqft
No HOA
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Listed by: Misty J Szczech • Exit Realty Midwest - LeMars
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #826375
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.