60 N 3rd StLansingIA52151
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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 Lansing at 60 N 3rd St, Lansing, IA, 52151 uses $59,670 cash to close to unlock $1,164/yr annual cash flow and $97/mo monthly cash flow. Total monthly income runs $1,266/mo, and a $881/mo payment keeps the spread at $97/mo. Purchase price stands at $180,000, and rental yield measures 8.44% with $1,266/mo rent. Return on cash invested shows 21.86% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 113.69% and total cumulative return in cash records $67,841. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,266/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1920
9,300 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52151, Lansing, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,392 (100%) |
| Owner Occupied HU | 734 (52.7%) |
| Renter Occupied HU | 165 (11.9%) |
| Vacant Housing Units | 493 (35.4%) |
| Median Home Value | $240,625 |
| Average Home Value | $356,805 |
Housing Distribution
Address Breakdown
Residential
734
Single Family
731
Multi-Family
3
Businesses
74
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