242 Diagonal StLansingIA52151
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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 Lansing at 242 Diagonal St, Lansing, IA, 52151 offers $1,253/mo rent that, after a $2,202/mo payment. Total monthly income is $1,253/mo. Return on cash invested measures 6.48% in year one, and rental yield stands at 3.34% at a $449,900 entry. Equity gained on principal adds $2,903/yr while 5% annual appreciation compounds into $124,299 by year five. Five-year ROI records 31.26% and total cumulative return in cash reaches $46,618. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,253/mo property income versus a $2,202/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1870
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52151, Lansing, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,392 (100%) |
| Owner Occupied HU | 734 (52.7%) |
| Renter Occupied HU | 165 (11.9%) |
| Vacant Housing Units | 493 (35.4%) |
| Median Home Value | $240,625 |
| Average Home Value | $356,805 |
Housing Distribution
Address Breakdown
Residential
734
Single Family
731
Multi-Family
3
Businesses
74
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Listed by: Daryl L Hansmeier • Allamakee Realty
Mls Name: Northeast Iowa Regional BOR
Mls Provider:
Mls ID: #20243248
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Based on information submitted to the MLS GRID as of 2024-02-12 13:19:33 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.