Correctionville Rd LOT 4LawtonIA51030
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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
Rental property for sale in Lawton at Correctionville Rd LOT 4, Lawton, IA, 51030 priced at $200,000 pairs $1,403/mo rent with $104/mo cash flow after a $979/mo payment. Total monthly income equals $1,403/mo, and annual cash flow comes to $1,248/yr on $66,300 invested. Return on cash invested is 21.79% in year one, and rental yield stands at 8.42% on a $200,000 basis. Equity gained on principal adds $1,291/yr, and 5% annual appreciation accumulates to $55,256 by year five. Five-year ROI measures 113.33% and total cumulative return in cash reaches $75,140. For financing, Ziffy Mortgage’s DSCR program evaluates $1,403/mo property income against a $979/mo payment instead of your W2s, 1099s, or Tax returns.
Lot
Built in N/A
3.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51030, Lawton, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 704 (100%) |
| Owner Occupied HU | 576 (81.8%) |
| Renter Occupied HU | 66 ( 9.4%) |
| Vacant Housing Units | 62 ( 8.8%) |
| Median Home Value | $305,046 |
| Average Home Value | $319,141 |
Housing Distribution
Address Breakdown
Residential
565
Single Family
536
Multi-Family
29
Businesses
40
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Listed by: Victoria Kollbaum • NextHome Tri State Realty
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #824091
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.