521 Park CtLe 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
Rental property for sale in Le Mars at 521 Park Ct, Le Mars, IA, 51031 priced at $365,000 converts $2,348/mo rent into after a $1,786/mo obligation. Total monthly income equals $2,348/mo. Return on cash invested prints 19.69% in year one, and rental yield reads 7.72% against a $365,000 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation compiles into $100,843 by year five. Five-year ROI reaches 102.05% and total cumulative return in cash sums $123,475. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,348/mo property income covering a $1,786/mo payment, not borrower’s personal income.
Single Family
Built in 1989
0.26 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa R Pageler • 1st Choice Realty
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #829130
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.