854 Lafayette AveStory CityIA50248
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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 Story City at 854 Lafayette Ave, Story City, IA, 50248 offers a 5.72% rental yield on a $200,000 purchase with $954/mo rent. 66% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 69.75% and total cumulative return in cash at $46,244. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $954/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
9,901 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50248, Story City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,119 (100%) |
| Owner Occupied HU | 1,434 (67.7%) |
| Renter Occupied HU | 514 (24.3%) |
| Vacant Housing Units | 171 ( 8.1%) |
| Median Home Value | $244,920 |
| Average Home Value | $312,753 |
Housing Distribution
Address Breakdown
Residential
2,008
Single Family
1,678
Multi-Family
330
Businesses
166
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Listed by: Tony Sly • Keller Williams Realty GDM
Mls Name: DMMLS
Mls ID: #724923