120 11th St SWLe MarsIA51031
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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
Investment property for sale in Le Mars at 120 11th St SW, Le Mars, IA, 51031 uses $74,588 cash to close to unlock $7,968/yr annual cash flow and $664/mo monthly cash flow. Total monthly income runs $2,125/mo, and a $1,101/mo payment keeps the spread at $664/mo. Purchase price stands at $225,000, and rental yield measures 11.33% with $2,125/mo rent. Return on cash invested shows 30.59% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 160.49% and total cumulative return in cash records $119,709. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,125/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1963
9,583 sqft lot
$N/A/sqft
No HOA
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Listed by: Lisa R Pageler • 1st Choice Realty
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #830915
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. Listing information is deemed reliable, but not guaranteed.