501 NW 6th StLeonIA50144
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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
Investment property for sale in Leon at 501 NW 6th St, Leon, IA, 50144 offers a 4.45% rental yield on a $242,900 purchase with $900/mo rent. 81% in year one. Equity gained on principal adds $1,567/yr while 5% annual appreciation supports $67,109 over five years. Portfolio math shows five-year ROI at 49.12% and total cumulative return in cash at $39,553. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $900/mo property income against a $1,189/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
7 Acres 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
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