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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Lenox at 108 E Kansas St, Lenox, IA, 50851 generates $1,058/mo in rent, after a $832/mo payment. Total monthly income is $1,058/mo. Return on cash invested sits at 18.93% in year one, and rental yield is 7.47% on a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 98.08% and total cumulative return in cash sums $55,238. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,058/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50851, Lenox, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 922 (100%) |
| Owner Occupied HU | 579 (62.8%) |
| Renter Occupied HU | 227 (24.6%) |
| Vacant Housing Units | 116 (12.6%) |
| Median Home Value | $141,810 |
| Average Home Value | $198,541 |
Residential
868
Single Family
771
Multi-Family
97
Businesses
74
Date | Event | Price |
|---|---|---|
| 2025-03-29 | Listed for sale | $169,900 |
| 2025-02-28 | Listing removed | $169,900 |
| 2025-01-17 | Price change | $169,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-02 | $1782.00 | 4.33% | $120,070 | N/A |
| 2023-04-02 | $1708.00 | 3.89% | $120,070 | 34.97% |
| 2022-04-02 | $1644.00 | -11.61% | $88,960 | N/A |
Listed by: Connie Parrish • Maynes Real Estate Inc
Mls Name: My State MLS
Mls ID: #11400589
