1012 5th StCorrectionvilleIA51016
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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 Correctionville at 1012 5th St, Correctionville, IA, 51016 earns from $1,548/mo rent with a $1,419/mo payment. Total monthly income totals $1,548/mo. ROI tracks 15.73% on current figures, and rental yield reads 6.41% at a $290,000 purchase. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,122 over five years. Five-year ROI reaches 80.79% and total cumulative return in cash sums $77,668. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,548/mo property income instead of your personal income.
Single Family
Built in 1337
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51016, Correctionville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 615 (100%) |
| Owner Occupied HU | 454 (73.8%) |
| Renter Occupied HU | 85 (13.8%) |
| Vacant Housing Units | 76 (12.4%) |
| Median Home Value | $185,465 |
| Average Home Value | $239,372 |
Housing Distribution
Address Breakdown
Residential
405
Single Family
399
Multi-Family
6
Businesses
37
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Listed by: Tiffani Smith • Exp Realty, LLC
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #828427
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.