213 Willard StLime SpringsIA52155
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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 Lime Springs at 213 Willard St, Lime Springs, IA, 52155 uses $59,504 cash to close to unlock $2,434/yr annual cash flow and $203/mo monthly cash flow. Total monthly income runs $1,369/mo, and a $879/mo payment keeps the spread at $203/mo. Purchase price stands at $179,500, and rental yield measures 9.15% with $1,369/mo rent. Return on cash invested shows 24% in year one, and 5% annual appreciation builds toward $49,593 over five years. Five-year ROI reaches 125.2% and total cumulative return in cash records $74,500. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,369/mo property income covering a $879/mo payment rather than investor’s personal income.
Single Family
Built in 1911
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52155, Lime Springs, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 523 (100%) |
| Owner Occupied HU | 382 (73.0%) |
| Renter Occupied HU | 86 (16.4%) |
| Vacant Housing Units | 55 (10.5%) |
| Median Home Value | $201,136 |
| Average Home Value | $257,526 |
Housing Distribution
Address Breakdown
Residential
524
Single Family
509
Multi-Family
15
Businesses
36
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Listed by: Heidi Rice • Country Life Real Estate, Inc
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20254335