301 E Michigan StLenoxIA50851
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 Lenox at 301 E Michigan St, Lenox, IA, 50851 offers a 7.8% rental yield on a $245,000 purchase with $1,592/mo rent. Total monthly income registers $1,592/mo, and a $1,199/mo payment leaves $1/mo available for distribution. Annual cash flow reaches $12/yr on $81,218 to close, and return on cash invested stands at 19.92% in year one. Equity gained on principal adds $1,581/yr while 5% annual appreciation supports $67,689 over five years. Portfolio math shows five-year ROI at 103.31% and total cumulative return in cash at $83,904. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,592/mo property income against a $1,199/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2013
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50851, Lenox, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 922 (100%) |
| Owner Occupied HU | 579 (62.8%) |
| Renter Occupied HU | 227 (24.6%) |
| Vacant Housing Units | 116 (12.6%) |
| Median Home Value | $141,810 |
| Average Home Value | $198,541 |
Housing Distribution
Address Breakdown
Residential
868
Single Family
771
Multi-Family
97
Businesses
74
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices