208 W Michigan StLenoxIA50851
Nearby investment properties with comparable rents
- 3 Bed
- 2 Bath
- 1336 sft
- 3 Bed
- 2 Bath
- 2640 sft
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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
Investment property for sale in Lenox at 208 W Michigan St, Lenox, IA, 50851 with 5% annual appreciation on a $175,000 basis while $1,402/mo rent supports operations. Total monthly income totals $1,402/mo and a $857/mo payment preserves $265/mo for cash returns. Annual cash flow comes to $3,180/yr on $58,013 deployed, and return on cash invested reaches 25.39% in year one. Equity gained on principal adds $1,129/yr, and five-year appreciation sums $48,349 alongside rental yield of 9.61%. Five-year ROI measures 132.62% and total cumulative return in cash totals $76,939.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,402/mo property income versus a $857/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50851, Lenox, IA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
868
Single Family
771
Multi-Family
97
Businesses
74
Nearby investment properties with comparable rents
- 3 Bed
- 2 Bath
- 1336 sft
- 3 Bed
- 2 Bath
- 2640 sft
Nearby investment properties with comparable prices