103 Dover CirNew LondonIA52645
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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 London at 103 Dover Cir, New London, IA, 52645 offers a 0% rental yield on a $315,000 purchase with $0/mo rent. 6% in year one. Equity gained on principal adds $2,033/yr while 5% annual appreciation supports $87,029 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $1,542/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52645, New London, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,459 (100%) |
| Owner Occupied HU | 1,140 (78.1%) |
| Renter Occupied HU | 249 (17.1%) |
| Vacant Housing Units | 70 ( 4.8%) |
| Median Home Value | $168,033 |
| Average Home Value | $217,375 |
Housing Distribution
Address Breakdown
Residential
1,314
Single Family
1,288
Multi-Family
26
Businesses
69
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No similar rental properties found nearby.
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Listed by: Chance Smith • Meadow and Main Inc.
Mls Name: NoCoast MLS as distributed by MLS GRID
Mls ID: #6332251