1301 3rd Ave SE UNIT 112Le MarsIA51031
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 Le Mars at 1301 3rd Ave SE UNIT 112, Le Mars, IA, 51031 generates $2,129/mo in rent, after a $1,605/mo payment. Total monthly income is $2,129/mo. Return on cash invested sits at 18.24% in year one, and rental yield is 7.79% on a $328,000 entry. Equity gained on principal adds $2,117/yr, while 5% annual appreciation builds toward $90,620 over five years. Five-year ROI reaches 94.95% and total cumulative return in cash sums $103,243. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,129/mo property income rather than buyer’s personal income.
Condo
Built in 2024
6,252 sqft lot
$N/A/sqft
$150 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kylie Petty • Century 21 ProLink - Le Mars
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #825517
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.