500 Court StLewisIA51544
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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 Lewis at 500 Court St, Lewis, IA, 51544 earns $120/mo cash flow from $932/mo rent with a $592/mo payment. Total monthly income totals $932/mo, and annual cash flow totals $1,442/yr on $40,112 capital. ROI tracks 23.5% on current figures, and rental yield reads 9.24% at a $121,000 purchase. Equity gained on principal adds $781/yr, and 5% annual appreciation supports $33,430 over five years. Five-year ROI reaches 122.89% and total cumulative return in cash sums $49,293. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $932/mo property income instead of your personal income.
Single Family
Built in 1880
2.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51544, Lewis, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 312 (100%) |
| Owner Occupied HU | 229 (73.4%) |
| Renter Occupied HU | 53 (17.0%) |
| Vacant Housing Units | 30 ( 9.6%) |
| Median Home Value | $190,441 |
| Average Home Value | $233,319 |
Housing Distribution
Address Breakdown
Residential
157
Single Family
157
Multi-Family
0
Businesses
16
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