215 6th Ave 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 215 6th Ave SW, Le Mars, IA, 51031 priced at $160,000 pairs $1,232/mo rent with $193/mo cash flow after a $783/mo payment. Total monthly income equals $1,232/mo, and annual cash flow comes to $2,316/yr on $53,040 invested. Return on cash invested is 24.28% in year one, and rental yield stands at 9.24% on a $160,000 basis. Equity gained on principal adds $1,032/yr, and 5% annual appreciation accumulates to $44,205 by year five. Five-year ROI measures 126.65% and total cumulative return in cash reaches $67,178. For financing, Ziffy Mortgage’s DSCR program evaluates $1,232/mo property income against a $783/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
6,750 sqft lot
$N/A/sqft
No HOA
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Listed by: Lisa R Pageler • 1st Choice Realty
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #828653
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.