642 7th 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
Rental property for sale in Le Mars at 642 7th St SE, Le Mars, IA, 51031 generates $1,914/mo in rent and, after a $1,008/mo payment, leaves $576/mo in cash flow. Total monthly income is $1,914/mo, and annual cash flow is $6,917/yr on $68,289 invested. Return on cash invested sits at 30.04% in year one, and rental yield is 11.15% on a $206,000 entry. Equity gained on principal adds $1,329/yr, while 5% annual appreciation builds toward $56,914 over five years. Five-year ROI reaches 157.58% and total cumulative return in cash sums $107,612. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,914/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
7,840 sqft lot
$N/A/sqft
No HOA
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Listed by: Lisa R Pageler • 1st Choice Realty
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #830854
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.