135 2nd Ave 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
Rental property for sale in Le Mars at 135 2nd Ave SW, Le Mars, IA, 51031 priced at $129,000 pairs $1,189/mo rent with $352/mo cash flow after a $631/mo payment. Total monthly income equals $1,189/mo, and annual cash flow comes to $4,219/yr on $42,764 invested. Return on cash invested is 29.78% in year one, and rental yield stands at 11.06% on a $129,000 basis. Equity gained on principal adds $832/yr, and 5% annual appreciation accumulates to $35,640 by year five. Five-year ROI measures 156.19% and total cumulative return in cash reaches $66,793. For financing, Ziffy Mortgage’s DSCR program evaluates $1,189/mo property income against a $631/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1910
4,500 sqft lot
$N/A/sqft
No HOA
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Listed by: Misty J Szczech • Exit Realty Midwest - LeMars
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #828255
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.