1013 Us Highway 69New VirginiaIA50210
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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 New Virginia at 1013 Us Highway 69, New Virginia, IA, 50210 listed at $249,000 pairs $1,362/mo rent with a $1,219/mo payment. Total monthly income runs $1,362/mo. Return on cash invested measures 16.2% in year one, and rental yield registers 6.56% at a $249,000 basis. Equity gained on principal adds $1,607/yr, and annual property appreciation at 5% supports $68,794 by year five. Five-year ROI tracks 83.35% and total cumulative return in cash totals $68,804. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,362/mo property income relative to a $1,219/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1989
1.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50210, New Virginia, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 832 (100%) |
| Owner Occupied HU | 708 (85.1%) |
| Renter Occupied HU | 73 ( 8.8%) |
| Vacant Housing Units | 51 ( 6.1%) |
| Median Home Value | $348,630 |
| Average Home Value | $398,302 |
Housing Distribution
Address Breakdown
Residential
617
Single Family
617
Multi-Family
0
Businesses
29
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Listed by: ALLYN K. BROWN • Iowa Realty Indianola
Mls Name: DMMLS
Mls Provider:
Mls ID: #708101
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.