1002 S 12th AveWashingtonIA52353
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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 Washington at 1002 S 12th Ave, Washington, IA, 52353 offers a 9.09% rental yield on a $389,000 purchase with $2,947/mo rent. Total monthly income registers $2,947/mo, and a $1,904/mo payment leaves $421/mo available for distribution. Annual cash flow reaches $5,047/yr on $128,954 to close, and return on cash invested stands at 23.82% in year one. Equity gained on principal adds $2,510/yr while 5% annual appreciation supports $107,474 over five years. Portfolio math shows five-year ROI at 124.24% and total cumulative return in cash at $160,206. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,947/mo property income against a $1,904/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2008
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52353, Washington, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,106 (100%) |
| Owner Occupied HU | 2,697 (65.7%) |
| Renter Occupied HU | 1,115 (27.2%) |
| Vacant Housing Units | 294 ( 7.2%) |
| Median Home Value | $173,592 |
| Average Home Value | $231,948 |
Housing Distribution
Address Breakdown
Residential
3,946
Single Family
3,655
Multi-Family
291
Businesses
429
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Listed by: Patty Elliott • Elliott Realty Group
Mls Name: Iowa City Area AOR
Mls ID: #202504464