412 W Ohio St, Lenox, IA, 50851 | $392/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

412 W Ohio St, Lenox, IA, 50851 | $392/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
2 Bath
1720 sft

804 Court St, Bedford, IA, 50833

4 Bed
2 Bath
2756 sft

703 Hardin St, Bedford, IA, 50833

- Bed
- Bath
- sft

1950 Willow Ave, Clarinda, IA, 51632

4 Bed
1 Bath
1328 sft

1321 Willow Ave, Villisca, IA, 50864

Nearby investment properties with comparable prices

3 Bed
1 Bath
2106 sft

2037 Idaho Ave, Gravity, IA, 50848

3 Bed
3 Bath
2079 sft

506 Lafayette St, New Market, IA, 51646

4 Bed
2 Bath
1654 sft

808 King St, Bedford, IA, 50833

3 Bed
1 Bath
1314 sft

1307 Central Ave, Bedford, IA, 50833

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Lenox at 412 W Ohio St, Lenox, IA, 50851 priced at $175,900 pairs $1,534/mo rent with $392/mo cash flow after a $861/mo payment. Total monthly income equals $1,534/mo, and annual cash flow comes to $4,699/yr on $58,311 invested. Return on cash invested is 27.97% in year one, and rental yield stands at 10.47% on a $175,900 basis. Equity gained on principal adds $1,135/yr, and 5% annual appreciation accumulates to $48,598 by year five. Five-year ROI measures 146.49% and total cumulative return in cash reaches $85,417. For financing, Ziffy Mortgage’s DSCR program evaluates $1,534/mo property income against a $861/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1970

0.29 Acres lot

$N/A/sqft

No HOA

More details about the property

This 3 bedroom split level home is in very good condition, newer interior paint, new vinyl flooring in a bedroom, the primary suite has 2 closets, the main bath has double sinks and tub/shower combo. A lot of natural light floods the living room and there is a patio door to the back yard from the eating area in the kitchen. The kitchen has plenty of counter space and upper and lower cabinets. The appliances are included and there is a garbage disposal. The main floor is an open concept lay out. Go down 7 steps to the basement family room and large laundry/utility room and half bath. House has an attached garage with insulation and paneling. Home has a central Vac System. There are cabinets for storage in the garage and small work bench. The driveway has been widened for better access off the street. This home is move in ready!

Neighborhood Data

Neighborhood data shown for ZIP Code: 50851, Lenox, IA area.

Housing Distribution

Housing Statistics

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