1503 Dove AveLesterIA51242
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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
Total monthly income runs $1,436/mo, and a $2,344/mo payment. Purchase price stands at $479,000, and rental yield measures 3.6% with $1,436/mo rent. Return on cash invested shows 7.26% in year one, and 5% annual appreciation builds toward $132,339 over five years. Five-year ROI reaches 35.38% and total cumulative return in cash records $56,187. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,436/mo property income covering a $2,344/mo payment rather than investor’s personal income.
Single Family
Built in 1940
16.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51242, Lester, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 119 (100%) |
| Owner Occupied HU | 97 (81.5%) |
| Renter Occupied HU | 15 (12.6%) |
| Vacant Housing Units | 7 ( 5.9%) |
| Median Home Value | $344,643 |
| Average Home Value | $398,789 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
22
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