53rd Street & 13th AveLa Porte CityIA50651
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 La Porte City at 53rd Street & 13th Ave, La Porte City, IA, 50651 listed at $1,143,715 pairs $834/mo rent with a $5,598/mo payment. Total monthly income runs $834/mo. Return on cash invested measures -0.98% in year one, and rental yield registers 0.88% at a $1,143,715 basis. Equity gained on principal adds $7,380/yr, and annual property appreciation at 5% supports $315,987 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $834/mo property income relative to a $5,598/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
77.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50651, La Porte City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,708 (100%) |
| Owner Occupied HU | 1,300 (76.1%) |
| Renter Occupied HU | 271 (15.9%) |
| Vacant Housing Units | 137 ( 8.0%) |
| Median Home Value | $223,575 |
| Average Home Value | $247,537 |
Housing Distribution
Address Breakdown
Residential
1,517
Single Family
1,428
Multi-Family
89
Businesses
97
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Troy Louwagie • HERTZ REAL ESTATE SERVICE
Mls Name: CRAAR, CDRMLS
Mls ID: #2506326