10339 Foulk RdLa Porte CityIA50651
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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 La Porte City at 10339 Foulk Rd, La Porte City, IA, 50651 uses $59,637 cash to close to unlock $6,638/yr annual cash flow and $553/mo monthly cash flow. Total monthly income runs $1,722/mo, and a $881/mo payment keeps the spread at $553/mo. Purchase price stands at $179,900, and rental yield measures 11.49% with $1,722/mo rent. Return on cash invested shows 31.04% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 163% and total cumulative return in cash records $97,209. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,722/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1998
1.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50651, La Porte City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,708 (100%) |
| Owner Occupied HU | 1,300 (76.1%) |
| Renter Occupied HU | 271 (15.9%) |
| Vacant Housing Units | 137 ( 8.0%) |
| Median Home Value | $223,575 |
| Average Home Value | $247,537 |
Housing Distribution
Address Breakdown
Residential
1,517
Single Family
1,428
Multi-Family
89
Businesses
97
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Listed by: Michael Taylor • Lockard Realty Company
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20255525