105 2nd St NEState CenterIA50247
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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 State Center at 105 2nd St NE, State Center, IA, 50247 uses $69,615 cash to close to unlock $4,752/yr annual cash flow and $396/mo monthly cash flow. Total monthly income runs $1,760/mo, and a $1,028/mo payment keeps the spread at $396/mo. Purchase price stands at $210,000, and rental yield measures 10.06% with $1,760/mo rent. Return on cash invested shows 26.74% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 139.84% and total cumulative return in cash records $97,348. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,760/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Single Family
Built in 1948
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50247, State Center, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 987 (100%) |
| Owner Occupied HU | 719 (72.8%) |
| Renter Occupied HU | 188 (19.0%) |
| Vacant Housing Units | 80 ( 8.1%) |
| Median Home Value | $202,966 |
| Average Home Value | $249,979 |
Housing Distribution
Address Breakdown
Residential
628
Single Family
591
Multi-Family
37
Businesses
61
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Listed by: Miranda Brockman • RE/MAX REAL ESTATE CENTER
Mls Name: CIBR
Mls ID: #68985