216 Sage StLime SpringsIA52155
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 216 Sage St, Lime Springs, IA, 52155 offers a 9.61% rental yield on a $168,900 purchase with $1,353/mo rent. Total monthly income registers $1,353/mo, and a $827/mo payment leaves $256/mo available for distribution. Annual cash flow reaches $3,069/yr on $55,990 to close, and return on cash invested stands at 25.39% in year one. Equity gained on principal adds $1,090/yr while 5% annual appreciation supports $46,664 over five years. Portfolio math shows five-year ROI at 132.64% and total cumulative return in cash at $74,268. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,353/mo property income against a $827/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
0.28 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: Colleen Jennings • Colleen Jennings Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6686252
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