1040 Forest AveFort DodgeIA50501
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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 Fort Dodge at 1040 Forest Ave, Fort Dodge, IA, 50501 priced at $775,000 converts $2,988/mo rent into after a $3,793/mo obligation. Total monthly income equals $2,988/mo. Return on cash invested prints 10.44% in year one, and rental yield reads 4.63% against a $775,000 entry. Equity gained on principal adds $5,001/yr, while 5% annual appreciation compiles into $214,118 by year five. Five-year ROI reaches 52.41% and total cumulative return in cash sums $133,627. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,988/mo property income covering a $3,793/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50501, Fort Dodge, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,107 (100%) |
| Owner Occupied HU | 7,476 (57.0%) |
| Renter Occupied HU | 3,971 (30.3%) |
| Vacant Housing Units | 1,660 (12.7%) |
| Median Home Value | $161,154 |
| Average Home Value | $209,301 |
Housing Distribution
Address Breakdown
Residential
12,306
Single Family
11,143
Multi-Family
1,163
Businesses
1,207
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Listed by: Todd Mccubbin • Kesterson Realty Inc
Mls Name: Fort Dodge BOR
Mls ID: #23336