1025 3rd Ave NEWaverlyIA50677
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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 Waverly at 1025 3rd Ave NE, Waverly, IA, 50677 earns $272/mo cash flow from $1,746/mo rent with a $1,111/mo payment. Total monthly income totals $1,746/mo, and annual cash flow totals $3,262/yr on $75,251 capital. ROI tracks 24.24% on current figures, and rental yield reads 9.23% at a $227,000 purchase. Equity gained on principal adds $1,465/yr, and 5% annual appreciation supports $62,716 over five years. Five-year ROI reaches 126.49% and total cumulative return in cash sums $95,185. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,746/mo property income instead of your personal income.
Single Family
Built in 1964
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50677, Waverly, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,367 (100%) |
| Owner Occupied HU | 3,755 (70.0%) |
| Renter Occupied HU | 1,111 (20.7%) |
| Vacant Housing Units | 501 ( 9.3%) |
| Median Home Value | $251,361 |
| Average Home Value | $282,613 |
Housing Distribution
Address Breakdown
Residential
5,014
Single Family
4,584
Multi-Family
430
Businesses
421
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Listed by: Don Betts • Oakridge Real Estate
Mls Name: Northeast Iowa Regional BOR
Mls Provider:
Mls ID: #20252325
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