804 3rd 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 804 3rd St, La Porte City, IA, 50651 earns $239/mo cash flow from $1,602/mo rent with a $1,027/mo payment. Total monthly income totals $1,602/mo, and annual cash flow totals $2,870/yr on $69,582 capital. ROI tracks 24.03% on current figures, and rental yield reads 9.16% at a $209,900 purchase. Equity gained on principal adds $1,354/yr, and 5% annual appreciation supports $57,992 over five years. Five-year ROI reaches 125.41% and total cumulative return in cash sums $87,260. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,602/mo property income instead of your personal income.
Single Family
Built in 1880
6,098 sqft 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: Jane Obermeier, Abr,Crs,Gri • Oakridge Real Estate
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20254572