114 S Central AveLaconaIA50139
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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 Lacona at 114 S Central Ave, Lacona, IA, 50139 priced at $129,900 converts $983/mo rent into $139/mo cash flow after a $636/mo obligation. Total monthly income equals $983/mo, and annual cash flow totals $1,670/yr on $43,062 invested. Return on cash invested prints 23.79% in year one, and rental yield reads 9.08% against a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation compiles into $35,889 by year five. Five-year ROI reaches 124.14% and total cumulative return in cash sums $53,455. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $983/mo property income covering a $636/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50139, Lacona, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 537 (100%) |
| Owner Occupied HU | 416 (77.5%) |
| Renter Occupied HU | 74 (13.8%) |
| Vacant Housing Units | 47 ( 8.8%) |
| Median Home Value | $205,932 |
| Average Home Value | $257,566 |
Housing Distribution
Address Breakdown
Residential
430
Single Family
430
Multi-Family
0
Businesses
17
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