515 1st Ave SWLe MarsIA51031
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
Investment property for sale in Le Mars at 515 1st Ave SW, Le Mars, IA, 51031 earns $103/mo cash flow from $1,811/mo rent with a $1,287/mo payment. Total monthly income totals $1,811/mo, and annual cash flow totals $1,238/yr on $87,185 capital. ROI tracks 21.33% on current figures, and rental yield reads 8.26% at a $263,000 purchase. Equity gained on principal adds $1,697/yr, and 5% annual appreciation supports $72,662 over five years. Five-year ROI reaches 110.9% and total cumulative return in cash sums $96,683. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,811/mo property income instead of your personal income.
Single Family
Built in 1947
10,454 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kylie Petty • Century 21 ProLink - Le Mars
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #829114
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.