66302 620th StLewisIA51544
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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 Lewis at 66302 620th St, Lewis, IA, 51544 earns $239/mo cash flow from $1,408/mo rent with a $881/mo payment. Total monthly income totals $1,408/mo, and annual cash flow totals $2,870/yr on $59,637 capital. ROI tracks 24.72% on current figures, and rental yield reads 9.39% at a $179,900 purchase. Equity gained on principal adds $1,161/yr, and 5% annual appreciation supports $49,703 over five years. Five-year ROI reaches 129.12% and total cumulative return in cash sums $77,001. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,408/mo property income instead of your personal income.
Single Family
Built in 1900
3.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51544, Lewis, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 312 (100%) |
| Owner Occupied HU | 229 (73.4%) |
| Renter Occupied HU | 53 (17.0%) |
| Vacant Housing Units | 30 ( 9.6%) |
| Median Home Value | $190,441 |
| Average Home Value | $233,319 |
Housing Distribution
Address Breakdown
Residential
157
Single Family
157
Multi-Family
0
Businesses
16
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Listed by: Leanne Travis • Osborn Realty
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6325890
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.