506 E Temple StLenoxIA50851
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 Lenox at 506 E Temple St, Lenox, IA, 50851 priced at $152,000 pairs $1,418/mo rent with $431/mo cash flow after a $744/mo payment. Total monthly income equals $1,418/mo, and annual cash flow comes to $5,170/yr on $50,388 invested. Return on cash invested is 30.17% in year one, and rental yield stands at 11.19% on a $152,000 basis. Equity gained on principal adds $981/yr, and 5% annual appreciation accumulates to $41,995 by year five. Five-year ROI measures 158.27% and total cumulative return in cash reaches $79,750. For financing, Ziffy Mortgage’s DSCR program evaluates $1,418/mo property income against a $744/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
10,162 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50851, Lenox, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 922 (100%) |
| Owner Occupied HU | 579 (62.8%) |
| Renter Occupied HU | 227 (24.6%) |
| Vacant Housing Units | 116 (12.6%) |
| Median Home Value | $141,810 |
| Average Home Value | $198,541 |
Housing Distribution
Address Breakdown
Residential
868
Single Family
771
Multi-Family
97
Businesses
74
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