105 1st AveHornickIA51026
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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 Hornick at 105 1st Ave, Hornick, IA, 51026 listed at $280,000 pairs $2,021/mo rent with a $1,370/mo payment to leave $203/mo cash flow. Total monthly income runs $2,021/mo, and annual cash flow reaches $2,436/yr on $92,820 cash to close. Return on cash invested measures 22.53% in year one, and rental yield registers 8.66% at a $280,000 basis. Equity gained on principal adds $1,807/yr, and annual property appreciation at 5% supports $77,359 by year five. Five-year ROI tracks 117.31% and total cumulative return in cash totals $108,885. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,021/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1994
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51026, Hornick, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 374 (100%) |
| Owner Occupied HU | 280 (74.9%) |
| Renter Occupied HU | 51 (13.6%) |
| Vacant Housing Units | 43 (11.5%) |
| Median Home Value | $328,571 |
| Average Home Value | $396,732 |
Housing Distribution
Address Breakdown
Residential
216
Single Family
216
Multi-Family
0
Businesses
10
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Listed by: Jessica Tadlock • Century 21 ProLink
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #825843
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.