1109 Lafayette AveStory CityIA50248
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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 Story City at 1109 Lafayette Ave, Story City, IA, 50248 generates $1,085/mo in rent and, after a $793/mo payment, leaves $33/mo in cash flow. Total monthly income is $1,085/mo, and annual cash flow is $394/yr on $53,703 invested. Return on cash invested sits at 20.64% in year one, and rental yield is 8.04% on a $162,000 entry. Equity gained on principal adds $1,045/yr, while 5% annual appreciation builds toward $44,758 over five years. Five-year ROI reaches 107.18% and total cumulative return in cash sums $57,557. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,085/mo property income rather than buyer’s personal income.
Single Family
Built in 1958
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50248, Story City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,119 (100%) |
| Owner Occupied HU | 1,434 (67.7%) |
| Renter Occupied HU | 514 (24.3%) |
| Vacant Housing Units | 171 ( 8.1%) |
| Median Home Value | $244,920 |
| Average Home Value | $312,753 |
Housing Distribution
Address Breakdown
Residential
2,008
Single Family
1,678
Multi-Family
330
Businesses
166
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Listed by: cia.rets.bjennings • RE/MAX REAL ESTATE CENTER
Mls Name: CIBR
Mls Provider:
Mls ID: #66347
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. Data is deemed reliable but not accurate.