102 3rd Ave SWState CenterIA50247
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
Investment property for sale in State Center at 102 3rd Ave SW, State Center, IA, 50247 listed at $159,900 pairs $1,219/mo rent with a $783/mo payment to leave $180/mo cash flow. Total monthly income runs $1,219/mo, and annual cash flow reaches $2,162/yr on $53,007 cash to close. Return on cash invested measures 23.99% in year one, and rental yield registers 9.15% at a $159,900 basis. Equity gained on principal adds $1,032/yr, and annual property appreciation at 5% supports $44,177 by year five. Five-year ROI tracks 125.23% and total cumulative return in cash totals $66,378. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,219/mo property income relative to a $783/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1910
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50247, State Center, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 987 (100%) |
| Owner Occupied HU | 719 (72.8%) |
| Renter Occupied HU | 188 (19.0%) |
| Vacant Housing Units | 80 ( 8.1%) |
| Median Home Value | $202,966 |
| Average Home Value | $249,979 |
Housing Distribution
Address Breakdown
Residential
628
Single Family
591
Multi-Family
37
Businesses
61
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Miranda Brockman • RE/MAX REAL ESTATE CENTER
Mls Name: CIBR
Mls ID: #69262