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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 Lenox at 410 S Maple St, Lenox, IA, 50851 offers $1,496/mo rent that, after a $1,148/mo payment. Total monthly income is $1,496/mo. Return on cash invested measures 19.49% in year one, and rental yield stands at 7.66% at a $234,500 entry. Equity gained on principal adds $1,513/yr while 5% annual appreciation compounds into $64,788 by year five. Five-year ROI records 101.01% and total cumulative return in cash reaches $78,520. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,496/mo property income versus a $1,148/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
1.13 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50851, Lenox, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 922 (100%) |
| Owner Occupied HU | 579 (62.8%) |
| Renter Occupied HU | 227 (24.6%) |
| Vacant Housing Units | 116 (12.6%) |
| Median Home Value | $141,810 |
| Average Home Value | $198,541 |
Residential
868
Single Family
771
Multi-Family
97
Businesses
74
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Jacy Larson • Preferred Properties of Iowa, Inc.
Mls Name: My State MLS
Mls ID: #11552464
