500 NW Church StLeonIA50144
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Leon at 500 NW Church St, Leon, IA, 50144 offers $900/mo rent that, after a $830/mo payment. Total monthly income is $900/mo. Return on cash invested measures 15.61% in year one, and rental yield stands at 6.37% at a $169,500 entry. Equity gained on principal adds $1,094/yr while 5% annual appreciation compounds into $46,830 by year five. Five-year ROI records 80.21% and total cumulative return in cash reaches $45,068. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $900/mo property income versus a $830/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1918
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50144, Leon, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,258 (100%) |
| Owner Occupied HU | 744 (59.1%) |
| Renter Occupied HU | 310 (24.6%) |
| Vacant Housing Units | 204 (16.2%) |
| Median Home Value | $118,750 |
| Average Home Value | $214,284 |
Housing Distribution
Address Breakdown
Residential
1,159
Single Family
1,083
Multi-Family
76
Businesses
118
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jordan Nelson • Creston Realty
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6329222
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.