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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Lucas at 51330 140th Ave, Lucas, IA, 50151 listed at $155,000 pairs $1,584/mo rent with a $759/mo payment to leave $572/mo cash flow. Total monthly income runs $1,584/mo, and annual cash flow reaches $6,867/yr on $51,383 cash to close. Return on cash invested measures 33.27% in year one, and rental yield registers 12.26% at a $155,000 basis. Equity gained on principal adds $1,000/yr, and annual property appreciation at 5% supports $42,824 by year five. Five-year ROI tracks 175.02% and total cumulative return in cash totals $89,932. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,584/mo property income relative to a $759/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
4.65 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50151, Lucas, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 366 (100%) |
| Owner Occupied HU | 289 (79.0%) |
| Renter Occupied HU | 28 ( 7.7%) |
| Vacant Housing Units | 49 (13.4%) |
| Median Home Value | $238,636 |
| Average Home Value | $323,651 |
Residential
301
Single Family
301
Multi-Family
0
Businesses
15
Date | Event | Price |
|---|---|---|
| 2024-10-11 | Listed for sale | $155,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $2414.00 | 3.69% | $133,662 | 1.49% |
| 2022-10-15 | $2328.00 | 14.01% | $131,694 | -0.45% |
| 2021-10-15 | $2042.00 | 2.51% | $132,285 | 22.85% |
Listed by: Adam Curran • Peoples Company
Mls Name: DMMLS
Mls Provider:
Mls ID: #705752
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.
