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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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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 Lamoni at 403 S Elm St, Lamoni, IA, 50140 priced at $190,000 pairs $1,520/mo rent with $286/mo cash flow after a $930/mo payment. Total monthly income equals $1,520/mo, and annual cash flow comes to $3,432/yr on $62,985 invested. Return on cash invested is 25.36% in year one, and rental yield stands at 9.6% on a $190,000 basis. Equity gained on principal adds $1,226/yr, and 5% annual appreciation accumulates to $52,494 by year five. Five-year ROI measures 132.43% and total cumulative return in cash reaches $83,412. For financing, Ziffy Mortgage’s DSCR program evaluates $1,520/mo property income against a $930/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
2.11 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50140, Lamoni, IA area.
| 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 |
Residential
956
Single Family
845
Multi-Family
111
Businesses
92
Date | Event | Price |
|---|---|---|
| 2025-08-11 | Sold | $190,000 |
| 2025-06-18 | Pending sale | $200,000 |
| 2025-06-03 | Listed for sale | $200,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-10 | $2782.00 | 2.05% | $130,360 | N/A |
| 2023-10-10 | $2726.00 | -6.90% | $130,360 | 21.95% |
| 2022-10-10 | $2928.00 | 2.74% | $106,894 | N/A |
Listed by: Johnson, Spenser • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #719389
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.
