307 W Illinois StLenoxIA50851
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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 Lenox at 307 W Illinois St, Lenox, IA, 50851 priced at $169,500 converts $1,391/mo rent into $290/mo cash flow after a $830/mo obligation. Total monthly income equals $1,391/mo, and annual cash flow totals $3,478/yr on $56,189 invested. Return on cash invested prints 26.1% in year one, and rental yield reads 9.85% against a $169,500 entry. Equity gained on principal adds $1,094/yr, while 5% annual appreciation compiles into $46,830 by year five. Five-year ROI reaches 136.44% and total cumulative return in cash sums $76,664. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,391/mo property income covering a $830/mo payment, not borrower’s personal income.
Single Family
Built in 1973
10,164 sqft 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
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