434 2nd Ave SWLe MarsIA51031
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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 Le Mars at 434 2nd Ave SW, Le Mars, IA, 51031 uses $80,223 cash to close to unlock $1,738/yr annual cash flow and $145/mo monthly cash flow. Total monthly income runs $1,716/mo, and a $1,184/mo payment keeps the spread at $145/mo. Purchase price stands at $242,000, and rental yield measures 8.51% with $1,716/mo rent. Return on cash invested shows 22.07% in year one, and 5% annual appreciation builds toward $66,860 over five years. Five-year ROI reaches 114.86% and total cumulative return in cash records $92,142. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,716/mo property income covering a $1,184/mo payment rather than investor’s personal income.
Single Family
Built in 1910
9,147 sqft lot
$N/A/sqft
No HOA
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Listed by: Misty J Szczech • Exit Realty Midwest - LeMars
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #829990
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.