603 2nd 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
Rental property for sale in Le Mars at 603 2nd Ave SE, Le Mars, IA, 51031 generates $1,507/mo in rent, after a $1,246/mo payment. Total monthly income is $1,507/mo. Return on cash invested sits at 16.41% in year one, and rental yield is 7.11% on a $254,500 entry. Equity gained on principal adds $1,642/yr, while 5% annual appreciation builds toward $70,314 over five years. Five-year ROI reaches 84.98% and total cumulative return in cash sums $71,695. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,507/mo property income rather than buyer’s personal income.
Condo
Built in 1986
3,920 sqft lot
$N/A/sqft
$100 monthly HOA
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Listed by: Lisa R Pageler • 1st Choice Realty
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #830044
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.