111 S Cherry StLamoniIA50140
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lamoni at 111 S Cherry St, Lamoni, IA, 50140 priced at $169,000 pairs $1,364/mo rent with $267/mo cash flow after a $827/mo payment. Total monthly income equals $1,364/mo, and annual cash flow comes to $3,199/yr on $56,024 invested. Return on cash invested is 25.62% in year one, and rental yield stands at 9.69% on a $169,000 basis. Equity gained on principal adds $1,091/yr, and 5% annual appreciation accumulates to $46,692 by year five. Five-year ROI measures 133.89% and total cumulative return in cash reaches $75,007. For financing, Ziffy Mortgage’s DSCR program evaluates $1,364/mo property income against a $827/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1890
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50140, Lamoni, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,122 (100%) |
| Owner Occupied HU | 530 (47.2%) |
| Renter Occupied HU | 338 (30.1%) |
| Vacant Housing Units | 254 (22.6%) |
| Median Home Value | $117,647 |
| Average Home Value | $169,165 |
Housing Distribution
Address Breakdown
Residential
956
Single Family
845
Multi-Family
111
Businesses
92
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