441 3rd St SE #4Le 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 441 3rd St SE #4, Le Mars, IA, 51031 listed at $163,500 pairs $1,536/mo rent with a $800/mo payment to leave $224/mo cash flow. Total monthly income runs $1,536/mo, and annual cash flow reaches $2,693/yr on $54,200 cash to close. Return on cash invested measures 24.88% in year one, and rental yield registers 11.27% at a $163,500 basis. Equity gained on principal adds $1,055/yr, and annual property appreciation at 5% supports $45,172 by year five. Five-year ROI tracks 131.95% and total cumulative return in cash totals $71,516. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,536/mo property income relative to a $800/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1983
3,484 sqft lot
$N/A/sqft
$250 monthly HOA
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Listed by: Kylie Petty • Century 21 ProLink - Le Mars
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #825870
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.