713 Locust StLa Porte CityIA50651
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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 La Porte City at 713 Locust St, La Porte City, IA, 50651 with 5% annual appreciation on a $189,000 basis while $1,794/mo rent supports operations. Total monthly income totals $1,794/mo and a $925/mo payment preserves $567/mo for cash returns. Annual cash flow comes to $6,799/yr on $62,654 deployed, and return on cash invested reaches 30.76% in year one. Equity gained on principal adds $1,220/yr, and five-year appreciation sums $52,217 alongside rental yield of 11.39%. Five-year ROI measures 161.48% and total cumulative return in cash totals $101,170.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,794/mo property income versus a $925/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50651, La Porte City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,708 (100%) |
| Owner Occupied HU | 1,300 (76.1%) |
| Renter Occupied HU | 271 (15.9%) |
| Vacant Housing Units | 137 ( 8.0%) |
| Median Home Value | $223,575 |
| Average Home Value | $247,537 |
Housing Distribution
Address Breakdown
Residential
1,517
Single Family
1,428
Multi-Family
89
Businesses
97
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Listed by: Ryan Backes • Backes Real Estate
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20254047