609 15th St 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 609 15th St SE, Le Mars, IA, 51031 uses $118,346 cash to close to unlock $550/yr annual cash flow and $46/mo monthly cash flow. Total monthly income runs $2,364/mo, and a $1,747/mo payment keeps the spread at $46/mo. Purchase price stands at $357,000, and rental yield measures 7.95% with $2,364/mo rent. Return on cash invested shows 20.37% in year one, and 5% annual appreciation builds toward $98,633 over five years. Five-year ROI reaches 105.73% and total cumulative return in cash records $125,128. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,364/mo property income covering a $1,747/mo payment rather than investor’s personal income.
Single Family
Built in 1989
10,170 sqft lot
$N/A/sqft
No HOA
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Listed by: Julie Hurt • Century 21 ProLink - Le Mars
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #827972
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.