1016 Walnut StDecorahIA52101
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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
Rental property for sale in Decorah at 1016 Walnut St, Decorah, IA, 52101 priced at $600,000 converts $3,319/mo rent into after a $2,937/mo obligation. Total monthly income equals $3,319/mo. Return on cash invested prints 16.55% in year one, and rental yield reads 6.64% against a $600,000 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation compiles into $165,769 by year five. Five-year ROI reaches 85.17% and total cumulative return in cash sums $168,132. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,319/mo property income covering a $2,937/mo payment, not borrower’s personal income.
Single Family
Built in 2008
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52101, Decorah, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,820 (100%) |
| Owner Occupied HU | 3,911 (67.2%) |
| Renter Occupied HU | 1,362 (23.4%) |
| Vacant Housing Units | 547 ( 9.4%) |
| Median Home Value | $308,845 |
| Average Home Value | $364,317 |
Housing Distribution
Address Breakdown
Residential
5,494
Single Family
4,974
Multi-Family
520
Businesses
583
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