406 Prospect StLu VerneIA50560
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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 Lu Verne at 406 Prospect St, Lu Verne, IA, 50560 generates $0/mo in rent, after a $729/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -3.59% in year one, and rental yield is 0% on a $149,000 entry. Equity gained on principal adds $961/yr, while 5% annual appreciation builds toward $41,166 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50560, Lu Verne, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 244 (100%) |
| Owner Occupied HU | 165 (67.6%) |
| Renter Occupied HU | 40 (16.4%) |
| Vacant Housing Units | 39 (16.0%) |
| Median Home Value | $202,586 |
| Average Home Value | $238,682 |
Housing Distribution
Address Breakdown
Residential
206
Single Family
206
Multi-Family
0
Businesses
14
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