108 E Washington StNorthboroIA51647
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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 Northboro at 108 E Washington St, Northboro, IA, 51647 uses $38,123 cash to close to unlock $1,668/yr annual cash flow and $139/mo monthly cash flow. Total monthly income runs $886/mo, and a $563/mo payment keeps the spread at $139/mo. Purchase price stands at $115,000, and rental yield measures 9.25% with $886/mo rent. Return on cash invested shows 24.28% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 126.69% and total cumulative return in cash records $48,297. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $886/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51647, Northboro, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 98 (100%) |
| Owner Occupied HU | 56 (57.1%) |
| Renter Occupied HU | 23 (23.5%) |
| Vacant Housing Units | 19 (19.4%) |
| Median Home Value | $135,000 |
| Average Home Value | $180,982 |
Housing Distribution
Address Breakdown
Residential
82
Single Family
82
Multi-Family
0
Businesses
2
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