1115 2nd St S #EOelweinIA50662
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Oelwein at 1115 2nd St S #E, Oelwein, IA, 50662 uses $58,013 cash to close to unlock $2,208/yr annual cash flow and $184/mo monthly cash flow. Total monthly income runs $1,333/mo, and a $857/mo payment keeps the spread at $184/mo. Purchase price stands at $175,000, and rental yield measures 9.14% with $1,333/mo rent. Return on cash invested shows 23.72% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 123.85% and total cumulative return in cash records $71,851. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,333/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1962
0.27 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lori Beierschmitt • Advanced, Realtors LLC
Mls Name: Northeast Iowa Regional BOR
Mls Provider:
Mls ID: #20254510
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Based on information submitted to the MLS GRID as of 2025-09-16 11:37:09 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.