511 California 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 511 California St, Lewis, IA, 51544 uses $55,361 cash to close to unlock $6,046/yr annual cash flow and $504/mo monthly cash flow. Total monthly income runs $1,588/mo, and a $817/mo payment keeps the spread at $504/mo. Purchase price stands at $167,000, and rental yield measures 11.41% with $1,588/mo rent. Return on cash invested shows 30.83% in year one, and 5% annual appreciation builds toward $46,139 over five years. Five-year ROI reaches 161.82% and total cumulative return in cash records $89,583. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,588/mo property income covering a $817/mo payment rather than investor’s personal income.
Single Family
Built in 1918
7,840 sqft 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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