104 W Ridge CtLa 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 104 W Ridge Ct, La Porte City, IA, 50651 at $204,900 posts ROI 18.52% with from $1,252/mo rent. Total monthly income equals $1,252/mo. Return on cash invested measures 18.52% and rental yield reads 7.33% at the current $204,900. Equity gained on principal adds $1,322/yr, and 5% annual appreciation supports $56,610 by year five. Five-year ROI prints 95.84% and total cumulative return in cash totals $65,098. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,252/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1994
5,883 sqft 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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Nearby investment properties with comparable prices
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