415 1st AveLutherIA50152
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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 Luther at 415 1st Ave, Luther, IA, 50152 earns $361/mo cash flow from $1,692/mo rent with a $1,003/mo payment. Total monthly income totals $1,692/mo, and annual cash flow totals $4,332/yr on $67,958 capital. ROI tracks 26.28% on current figures, and rental yield reads 9.9% at a $205,000 purchase. Equity gained on principal adds $1,323/yr, and 5% annual appreciation supports $56,638 over five years. Five-year ROI reaches 137.42% and total cumulative return in cash sums $93,390. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,692/mo property income instead of your personal income.
Single Family
Built in 1900
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50152, Luther, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 48 (100%) |
| Owner Occupied HU | 33 (68.7%) |
| Renter Occupied HU | 7 (14.6%) |
| Vacant Housing Units | 8 (16.7%) |
| Median Home Value | $370,000 |
| Average Home Value | $335,909 |
Housing Distribution
Address Breakdown
Residential
12
Single Family
12
Multi-Family
0
Businesses
1
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