1015 8th Ave WSpencerIA51301
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Total monthly income runs $1,074/mo, and a $1,121/mo payment. Purchase price stands at $229,000, and rental yield measures 5.63% with $1,074/mo rent. Return on cash invested shows 13.37% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 68.22% and total cumulative return in cash records $51,785. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,074/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Single Family
Built in 1967
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51301, Spencer, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,257 (100%) |
| Owner Occupied HU | 3,762 (60.1%) |
| Renter Occupied HU | 1,788 (28.6%) |
| Vacant Housing Units | 707 (11.3%) |
| Median Home Value | $196,406 |
| Average Home Value | $264,591 |
Housing Distribution
Address Breakdown
Residential
5,949
Single Family
4,996
Multi-Family
953
Businesses
663
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Katie Muhlbauer • Integrity Real Estate
Mls Name: Iowa Great Lakes BOR
Mls Provider:
Mls ID: #250308
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.