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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 1621 320th St, Lorimor, IA, 50149 earns $463/mo cash flow from $2,411/mo rent with a $1,468/mo payment. Total monthly income totals $2,411/mo, and annual cash flow totals $5,556/yr on $99,450 capital. ROI tracks 25.5% on current figures, and rental yield reads 9.64% at a $300,000 purchase. Equity gained on principal adds $1,936/yr, and 5% annual appreciation supports $82,884 over five years. Five-year ROI reaches 133.19% and total cumulative return in cash sums $132,456. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,411/mo property income instead of your personal income.
Single Family
Built in 1960
5 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 |
|---|---|---|
| 2025-07-01 | Listed for sale | $300,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-06 | $3624.00 | 6.53% | $273,700 | N/A |
| 2023-07-06 | $3402.00 | 2.59% | $273,700 | 27.66% |
| 2022-07-06 | $3316.00 | -3.88% | $214,400 | N/A |
Listed by: Rachel Eller • Summerset Realty
Mls Name: DMMLS
Mls Provider:
Mls ID: #721377
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
