1480 6th 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
Investment property for sale in Le Mars at 1480 6th Ave SW, Le Mars, IA, 51031 earns $251/mo cash flow from $2,524/mo rent with a $1,713/mo payment. Total monthly income totals $2,524/mo, and annual cash flow totals $3,012/yr on $116,025 capital. ROI tracks 22.5% on current figures, and rental yield reads 8.65% at a $350,000 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,699 over five years. Five-year ROI reaches 117.14% and total cumulative return in cash sums $135,914. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,524/mo property income instead of your personal income.
Townhouse
Built in 2021
7,840 sqft lot
$N/A/sqft
No HOA
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Listed by: Julie Hurt • Century 21 ProLink - Le Mars
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #828954
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.