720 2nd StLorimorIA50149
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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 Lorimor at 720 2nd St, Lorimor, IA, 50149 at $127,500 posts ROI -3.6% with from $0/mo rent. Total monthly income equals $0/mo. Return on cash invested measures -3.6% and rental yield reads 0% at the current $127,500. Equity gained on principal adds $823/yr, and 5% annual appreciation supports $35,226 by year five. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $0/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1998
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50149, Lorimor, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 454 (100%) |
| Owner Occupied HU | 312 (68.7%) |
| Renter Occupied HU | 79 (17.4%) |
| Vacant Housing Units | 63 (13.9%) |
| Median Home Value | $210,000 |
| Average Home Value | $266,210 |
Housing Distribution
Address Breakdown
Residential
375
Single Family
369
Multi-Family
6
Businesses
11
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Michelle Crill • Crill Real Estate
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6318196
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.