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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Lenox at 703 W Nebraska St, Lenox, IA, 50851 listed at $119,000 pairs $903/mo rent with a $582/mo payment to leave $131/mo cash flow. Total monthly income runs $903/mo, and annual cash flow reaches $1,567/yr on $39,449 cash to close. Return on cash invested measures 23.88% in year one, and rental yield registers 9.11% at a $119,000 basis. Equity gained on principal adds $768/yr, and annual property appreciation at 5% supports $32,878 by year five. Five-year ROI tracks 124.58% and total cumulative return in cash totals $49,145. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $903/mo property income relative to a $582/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2011
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50851, Lenox, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 922 (100%) |
| Owner Occupied HU | 579 (62.8%) |
| Renter Occupied HU | 227 (24.6%) |
| Vacant Housing Units | 116 (12.6%) |
| Median Home Value | $141,810 |
| Average Home Value | $198,541 |
Residential
868
Single Family
771
Multi-Family
97
Businesses
74
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Connie Parrish • Maynes Real Estate Inc
Mls Name: My State MLS
Mls ID: #11554814
