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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Lorimor at 1358 Tulip Ave, Lorimor, IA, 50149 with 5% annual appreciation on a $250,000 basis while $1,560/mo rent supports operations. 98% in year one. Equity gained on principal adds $1,613/yr, and five-year appreciation sums $69,070 alongside rental yield of 7.49%. Five-year ROI measures 98.27% and total cumulative return in cash totals $81,442. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,560/mo property income versus a $1,224/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1915
1.11 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50149, Lorimor, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 454 (100%) |
| Owner Occupied HU | 312 (68.7%) |
| Renter Occupied HU | 79 (17.4%) |
| Vacant Housing Units | 63 (13.9%) |
| Median Home Value | $210,000 |
| Average Home Value | $266,210 |
Residential
375
Single Family
369
Multi-Family
6
Businesses
11
Date | Event | Price |
|---|---|---|
| 2025-04-24 | Price change | $250,000 |
| 2025-03-20 | Listed for sale | $265,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-29 | $2274.00 | -3.64% | $185,200 | 19.47% |
| 2023-04-29 | $2360.00 | N/A | $155,020 | 14.96% |
| 2022-04-29 | N/A | N/A | $134,850 | 286.72% |
Listed by: Ben Hollesen • Midwest Land Management & Real Estate, Inc.
Mls Name: My State MLS
Mls ID: #11482591
