16580 280th StLamoniIA50140
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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 Lamoni at 16580 280th St, Lamoni, IA, 50140 generates $2,609/mo in rent and, after a $1,664/mo payment, leaves $401/mo in cash flow. Total monthly income is $2,609/mo, and annual cash flow is $4,812/yr on $112,710 invested. Return on cash invested sits at 24.18% in year one, and rental yield is 9.21% on a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 126.13% and total cumulative return in cash sums $142,158. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,609/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50140, Lamoni, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,122 (100%) |
| Owner Occupied HU | 530 (47.2%) |
| Renter Occupied HU | 338 (30.1%) |
| Vacant Housing Units | 254 (22.6%) |
| Median Home Value | $117,647 |
| Average Home Value | $169,165 |
Housing Distribution
Address Breakdown
Residential
956
Single Family
845
Multi-Family
111
Businesses
92
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