600 1st Ave SELe MarsIA51031
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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 Le Mars at 600 1st Ave SE, Le Mars, IA, 51031 with 5% annual appreciation on a $529,900 basis while $2,882/mo rent supports operations. 21% in year one. Equity gained on principal adds $3,419/yr, and five-year appreciation sums $146,402 alongside rental yield of 6.53%. Five-year ROI measures 83.38% and total cumulative return in cash totals $145,355. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,882/mo property income versus a $2,594/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1911
0.55 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Shane C Sitzmann • Lance Sitzmann Real Estate
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #824649
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.