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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% |
Investment property for sale in Lucas at 11877 550th St, Lucas, IA, 50151 listed at $150,000 pairs $0/mo rent with a $734/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -3.6% in year one, and rental yield registers 0% at a $150,000 basis. Equity gained on principal adds $968/yr, and annual property appreciation at 5% supports $41,442 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50151, Lucas, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 366 (100%) |
| Owner Occupied HU | 289 (79.0%) |
| Renter Occupied HU | 28 ( 7.7%) |
| Vacant Housing Units | 49 (13.4%) |
| Median Home Value | $238,636 |
| Average Home Value | $323,651 |
Residential
301
Single Family
301
Multi-Family
0
Businesses
15
Date | Event | Price |
|---|---|---|
| 2024-09-05 | Listed for sale | $150,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $1386.00 | 3.43% | $99,858 | 30.45% |
| 2022-10-15 | $1340.00 | 15.52% | $76,550 | N/A |
| 2021-10-15 | $1160.00 | 2.47% | $76,550 | 20.01% |
No similar rental properties found nearby.
Listed by: Betty Craig • Saylor Realty
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6320937
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
