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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 Lenox at 208 E Temple St, Lenox, IA, 50851 offers a 9.62% rental yield on a $124,500 purchase with $998/mo rent. Total monthly income registers $998/mo, and a $609/mo payment leaves $190/mo available for distribution. Annual cash flow reaches $2,278/yr on $41,272 to close, and return on cash invested stands at 25.43% in year one. Equity gained on principal adds $803/yr while 5% annual appreciation supports $34,397 over five years. Portfolio math shows five-year ROI at 132.86% and total cumulative return in cash at $54,832. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $998/mo property income against a $609/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
9,856 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50851, Lenox, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 922 (100%) |
| Owner Occupied HU | 579 (62.8%) |
| Renter Occupied HU | 227 (24.6%) |
| Vacant Housing Units | 116 (12.6%) |
| Median Home Value | $141,810 |
| Average Home Value | $198,541 |
Residential
868
Single Family
771
Multi-Family
97
Businesses
74
Date | Event | Price |
|---|---|---|
| 2025-05-02 | Listed for sale | $124,500 |
| 2013-06-27 | Sold | $66,000 |
| 2013-05-02 | Listed for sale | $74,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-07 | $1488.00 | 11.04% | $78,500 | N/A |
| 2023-05-07 | $1340.00 | 3.55% | $78,500 | 30.36% |
| 2022-05-07 | $1294.00 | -11.13% | $60,220 | N/A |
Listed by: Jacy Larson • Preferred Properties of Iowa, Inc.
Mls Name: My State MLS
Mls ID: #11488826
