312 E 8th 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
Rental property for sale in Lamoni at 312 E 8th St, Lamoni, IA, 50140 priced at $120,000 converts $1,336/mo rent into $540/mo cash flow after a $587/mo obligation. Total monthly income equals $1,336/mo, and annual cash flow totals $6,480/yr on $39,780 invested. Return on cash invested prints 36.2% in year one, and rental yield reads 13.36% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 190.76% and total cumulative return in cash sums $75,883. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,336/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1900
N/A 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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