208 8th St 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
Rental property for sale in Le Mars at 208 8th St SW, Le Mars, IA, 51031 priced at $260,000 converts $2,155/mo rent into $466/mo cash flow after a $1,273/mo obligation. Total monthly income equals $2,155/mo, and annual cash flow totals $5,592/yr on $86,190 invested. Return on cash invested prints 26.4% in year one, and rental yield reads 9.95% against a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation compiles into $71,833 by year five. Five-year ROI reaches 138.01% and total cumulative return in cash sums $118,949. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,155/mo property income covering a $1,273/mo payment, not borrower’s personal income.
Single Family
Built in 1925
8,832 sqft lot
$N/A/sqft
No HOA
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Listed by: Shane C Sitzmann • Lance Sitzmann Real Estate
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #826152
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.