1308 Lincoln AveHarlanIA51537
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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 Harlan at 1308 Lincoln Ave, Harlan, IA, 51537 offers $866/mo rent that, after a $534/mo payment, leaves $130/mo cash flow. Total monthly income is $866/mo, and annual cash flow is $1,556/yr on $36,134 cash. Return on cash invested measures 24.21% in year one, and rental yield stands at 9.53% at a $109,000 entry. Equity gained on principal adds $703/yr while 5% annual appreciation compounds into $30,115 by year five. Five-year ROI records 126.72% and total cumulative return in cash reaches $45,790. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $866/mo property income versus a $534/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
5,662 sqft lot
$N/A/sqft
No HOA
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Listed by: Randy Ouren • Ouren Real Estate
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6326323
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.