834 Central Ave SELe MarsIA51031
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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 Le Mars at 834 Central Ave SE, Le Mars, IA, 51031 listed at $169,000 pairs $1,199/mo rent with a $827/mo payment to leave $102/mo cash flow. Total monthly income runs $1,199/mo, and annual cash flow reaches $1,219/yr on $56,024 cash to close. Return on cash invested measures 22.09% in year one, and rental yield registers 8.51% at a $169,000 basis. Equity gained on principal adds $1,091/yr, and annual property appreciation at 5% supports $46,692 by year five. Five-year ROI tracks 114.93% and total cumulative return in cash totals $64,387. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,199/mo property income relative to a $827/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
8,370 sqft lot
$N/A/sqft
No HOA
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Listed by: Clark F Goodchild • Exit Realty Midwest - LeMars
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #827949
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.