1321 Winchester Ave, Lenox, IA, 50851 | Equity Gain $1,612/yr

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1321 Winchester Ave, Lenox, IA, 50851 | Equity Gain $1,612/yr | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Lenox at 1321 Winchester Ave, Lenox, IA, 50851 offers a 0% rental yield on a $249,750 purchase with $0/mo rent. 59% in year one. Equity gained on principal adds $1,612/yr while 5% annual appreciation supports $69,001 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $1,222/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1900

7.40 Acres lot

$N/A/sqft

No HOA

More details about the property

Enjoy peaceful country living on this 7.40-acre acreage located just south of Lenox. This property features many updates and an attached two-car garage, open layout, and scenic views in every direction. The spacious kitchen offers plenty of cabinet space, a large open design, and a double wall oven, perfect for cooking and entertaining. The main level also includes comfortable living areas with abundant natural light and easy access to the outdoors. Upstairs youll find three bedrooms with ample storage and closet space. Outside, youll find everything needed for acreage living including a fenced pasture, small outbuilding for livestock, carport, and a small pond ideal for relaxation or recreation. The acreage provides plenty of room for projects, livestock, or simply enjoying the open space and fresh country air. This property combines functionality and tranquility just a short drive from town, ideal for anyone seeking country space with modern convenience. Call today to schedule your showing!

Neighborhood Data

Neighborhood data shown for ZIP Code: 50851, Lenox, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	922 (100%)
Owner Occupied HU	579 (62.8%)
Renter Occupied HU	227 (24.6%)
Vacant Housing Units	116 (12.6%)
Median Home Value	$141,810
Average Home Value	$198,541