1308 South StLa Porte CityIA50651
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
Investment property for sale in La Porte City at 1308 South St, La Porte City, IA, 50651 uses $139,197 cash to close to unlock $4,130/yr annual cash flow and $344/mo monthly cash flow. Total monthly income runs $3,071/mo, and a $2,055/mo payment keeps the spread at $344/mo. Purchase price stands at $419,900, and rental yield measures 8.78% with $3,071/mo rent. Return on cash invested shows 22.88% in year one, and 5% annual appreciation builds toward $116,011 over five years. Five-year ROI reaches 119.17% and total cumulative return in cash records $165,888. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,071/mo property income covering a $2,055/mo payment rather than investor’s personal income.
Single Family
Built in 2005
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50651, La Porte City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,708 (100%) |
| Owner Occupied HU | 1,300 (76.1%) |
| Renter Occupied HU | 271 (15.9%) |
| Vacant Housing Units | 137 ( 8.0%) |
| Median Home Value | $223,575 |
| Average Home Value | $247,537 |
Housing Distribution
Address Breakdown
Residential
1,517
Single Family
1,428
Multi-Family
89
Businesses
97
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: William Foss • Fischels Residential Group
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20252571