218 N Silver StLamoniIA50140
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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 Lamoni at 218 N Silver St, Lamoni, IA, 50140 with 5% annual appreciation on a $150,000 basis while $1,015/mo rent supports operations. Total monthly income totals $1,015/mo and a $734/mo payment preserves $41/mo for cash returns. Annual cash flow comes to $492/yr on $49,725 deployed, and return on cash invested reaches 20.9% in year one. Equity gained on principal adds $968/yr, and five-year appreciation sums $41,442 alongside rental yield of 8.12%. Five-year ROI measures 108.54% and total cumulative return in cash totals $53,970.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,015/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50140, Lamoni, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,122 (100%) |
| Owner Occupied HU | 530 (47.2%) |
| Renter Occupied HU | 338 (30.1%) |
| Vacant Housing Units | 254 (22.6%) |
| Median Home Value | $117,647 |
| Average Home Value | $169,165 |
Housing Distribution
Address Breakdown
Residential
956
Single Family
845
Multi-Family
111
Businesses
92
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