103 E Congress StNora SpringsIA50458
Nearby investment properties with comparable rents
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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 Nora Springs at 103 E Congress St, Nora Springs, IA, 50458 offers $1,318/mo rent that, after a $691/mo payment, leaves $401/mo cash flow. Total monthly income is $1,318/mo, and annual cash flow is $4,813/yr on $46,814 cash. Return on cash invested measures 30.19% in year one, and rental yield stands at 11.2% at a $141,220 entry. Equity gained on principal adds $911/yr while 5% annual appreciation compounds into $39,016 by year five. Five-year ROI records 158.46% and total cumulative return in cash reaches $74,181. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,318/mo property income versus a $691/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
6,899 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50458, Nora Springs, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 844 (100%) |
| Owner Occupied HU | 669 (79.3%) |
| Renter Occupied HU | 112 (13.3%) |
| Vacant Housing Units | 63 ( 7.5%) |
| Median Home Value | $187,868 |
| Average Home Value | $257,474 |
Housing Distribution
Address Breakdown
Residential
588
Single Family
580
Multi-Family
8
Businesses
51
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Nearby investment properties with comparable prices
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