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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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No similar rental properties found nearby.
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Lorimor at 3237 Larkspur Ave, Lorimor, IA, 50149 priced at $550,000 converts $0/mo rent into after a $2,692/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -3.63% in year one, and rental yield reads 0% against a $550,000 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation compiles into $151,955 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $2,692/mo payment, not borrower’s personal income.
Single Family
Built in 2022
13.97 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50149, Lorimor, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 454 (100%) |
| Owner Occupied HU | 312 (68.7%) |
| Renter Occupied HU | 79 (17.4%) |
| Vacant Housing Units | 63 (13.9%) |
| Median Home Value | $210,000 |
| Average Home Value | $266,210 |
Residential
375
Single Family
369
Multi-Family
6
Businesses
11
Date | Event | Price |
|---|---|---|
| 2025-07-07 | Price change | $550,000 |
| 2025-05-19 | Price change | $560,000 |
| 2025-04-01 | Listed for sale | $575,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-10 | $1781.00 | 827.60% | $249,500 | 13.62% |
| 2023-07-10 | $192.00 | 2.13% | $219,600 | 2950.00% |
| 2022-07-10 | $188.00 | N/A | $7,200 | -2.70% |
No similar rental properties found nearby.
Listed by: Ian Sparks • Homefront Real Estate, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #721712
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
