1012 6th StDe WittIA52742
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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 De Witt at 1012 6th St, De Witt, IA, 52742 uses $94,478 cash to close to unlock $624/yr annual cash flow and $52/mo monthly cash flow. Total monthly income runs $1,903/mo, and a $1,395/mo payment keeps the spread at $52/mo. Purchase price stands at $285,000, and rental yield measures 8.01% with $1,903/mo rent. Return on cash invested shows 20.57% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 106.79% and total cumulative return in cash records $100,890. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,903/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 1920
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52742, De Witt, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,330 (100%) |
| Owner Occupied HU | 2,409 (72.3%) |
| Renter Occupied HU | 728 (21.9%) |
| Vacant Housing Units | 193 ( 5.8%) |
| Median Home Value | $273,680 |
| Average Home Value | $299,149 |
Housing Distribution
Address Breakdown
Residential
3,208
Single Family
3,080
Multi-Family
128
Businesses
291
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