601 Meadowview DrLesterIA51242
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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 Lester at 601 Meadowview Dr, Lester, IA, 51242 at $785,000 posts ROI 13.75% with from $3,740/mo rent. Total monthly income equals $3,740/mo. Return on cash invested measures 13.75% and rental yield reads 5.72% at the current $785,000. Equity gained on principal adds $5,065/yr, and 5% annual appreciation supports $216,881 by year five. Five-year ROI prints 70.18% and total cumulative return in cash totals $181,250. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,740/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2014
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51242, Lester, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 119 (100%) |
| Owner Occupied HU | 97 (81.5%) |
| Renter Occupied HU | 15 (12.6%) |
| Vacant Housing Units | 7 ( 5.9%) |
| Median Home Value | $344,643 |
| Average Home Value | $398,789 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
22
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Listed by: Jessica Mogler • Ameri/Star Real Estate, Inc
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #829603
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.