108 E Kansas StLenoxIA50851
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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
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
Neighborhood data shown for ZIP Code: 50851, Lenox, IA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
868
Single Family
771
Multi-Family
97
Businesses
74
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