37 Laura DrLe MarsIA51031
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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
Investment property for sale in Le Mars at 37 Laura Dr, Le Mars, IA, 51031 uses $96,135 cash to close to unlock $1,584/yr annual cash flow and $132/mo monthly cash flow. Total monthly income runs $2,015/mo, and a $1,419/mo payment keeps the spread at $132/mo. Purchase price stands at $290,000, and rental yield measures 8.34% with $2,015/mo rent. Return on cash invested shows 21.56% in year one, and 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 112.07% and total cumulative return in cash records $107,740. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,015/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 1972
9,147 sqft lot
$N/A/sqft
No HOA
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Listed by: Shane C Sitzmann • Lance Sitzmann Real Estate
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #828713
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.