111 Pine StNorth WashingtonIA50659
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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 North Washington at 111 Pine St, North Washington, IA, 50659 offers $2,387/mo rent that, after a $1,860/mo payment. Total monthly income is $2,387/mo. Return on cash invested measures 19.14% in year one, and rental yield stands at 7.54% at a $380,000 entry. Equity gained on principal adds $2,452/yr while 5% annual appreciation compounds into $104,987 by year five. Five-year ROI records 99.1% and total cumulative return in cash reaches $124,837. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,387/mo property income versus a $1,860/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
2.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50659, New Hampton, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,449 (100%) |
| Owner Occupied HU | 1,676 (68.4%) |
| Renter Occupied HU | 537 (21.9%) |
| Vacant Housing Units | 236 ( 9.6%) |
| Median Home Value | $202,222 |
| Average Home Value | $232,090 |
Housing Distribution
Address Breakdown
Residential
2,286
Single Family
2,186
Multi-Family
100
Businesses
249
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Listed by: Heidi Rice • Country Life Real Estate, Inc
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20253510