426 3rd Ave SW, Le Mars, IA, 51031 | $129/mo Cash Flow

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426 3rd Ave SW, Le Mars, IA, 51031 | $129/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Le Mars at 426 3rd Ave SW, Le Mars, IA, 51031 uses $33,150 cash to close to unlock $1,548/yr annual cash flow and $129/mo monthly cash flow. Total monthly income runs $778/mo, and a $489/mo payment keeps the spread at $129/mo. Purchase price stands at $100,000, and rental yield measures 9.34% with $778/mo rent. Return on cash invested shows 24.58% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 128.27% and total cumulative return in cash records $42,520. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $778/mo property income covering a $489/mo payment rather than investor’s personal income.

Single Family

Built in 1910

4,356 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming 2-bedroom, 3/4 bath home located just minutes from both the middle and high schools in the heart of Le Mars - an ideal location for convenience and community! This cozy single-story home offers comfort and functionality, making it a perfect fit for first-time homebuyers or savvy investors looking to expand their portfolio. Step inside to find all kitchen appliances included, plus a washer and dryer - making move-in a breeze! Enjoy outdoor living in the fenced-in yard and relax under the covered patio- perfect for entertaining or quiet evenings. Need more space? The property includes alley access and plenty of room in the back to build your dream garage or a custom retreat. Don't miss this affordable opportunity in a great location - schedule a tour to see what this property all has to offer! **Home is being SOLD AS-IS** Seller is related to the listing agent.