413 E Garfield StLaurensIA50554
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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 Laurens at 413 E Garfield St, Laurens, IA, 50554 offers a 9.04% rental yield on a $253,285 purchase with $1,909/mo rent. Total monthly income registers $1,909/mo, and a $1,240/mo payment leaves $157/mo available for distribution. Annual cash flow reaches $1,886/yr on $83,964 to close, and return on cash invested stands at 22.15% in year one. Equity gained on principal adds $1,634/yr while 5% annual appreciation supports $69,978 over five years. Portfolio math shows five-year ROI at 115.9% and total cumulative return in cash at $97,317. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,909/mo property income against a $1,240/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50554, Laurens, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 864 (100%) |
| Owner Occupied HU | 526 (60.9%) |
| Renter Occupied HU | 187 (21.6%) |
| Vacant Housing Units | 151 (17.5%) |
| Median Home Value | $99,130 |
| Average Home Value | $139,468 |
Housing Distribution
Address Breakdown
Residential
748
Single Family
730
Multi-Family
18
Businesses
65
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