303 W Main StLockridgeIA52635
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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 Lockridge at 303 W Main St, Lockridge, IA, 52635 generates $0/mo in rent, after a $534/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -3.62% in year one, and rental yield is 0% on a $109,000 entry. Equity gained on principal adds $703/yr, while 5% annual appreciation builds toward $30,115 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 1911
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52635, Lockridge, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 292 (100%) |
| Owner Occupied HU | 218 (74.7%) |
| Renter Occupied HU | 47 (16.1%) |
| Vacant Housing Units | 27 ( 9.2%) |
| Median Home Value | $165,909 |
| Average Home Value | $183,245 |
Housing Distribution
Address Breakdown
Residential
243
Single Family
243
Multi-Family
0
Businesses
21
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No similar rental properties found nearby.
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