1123 48th St APT 20Fort MadisonIA52627
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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 Fort Madison at 1123 48th St APT 20, Fort Madison, IA, 52627 uses $42,764 cash to close to unlock $1,819/yr annual cash flow and $152/mo monthly cash flow. Total monthly income runs $989/mo, and a $631/mo payment keeps the spread at $152/mo. Purchase price stands at $129,000, and rental yield measures 9.2% with $989/mo rent. Return on cash invested shows 24.16% in year one, and 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 126.11% and total cumulative return in cash records $53,929. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $989/mo property income covering a $631/mo payment rather than investor’s personal income.
Single Family
Built in 1998
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52627, Fort Madison, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,939 (100%) |
| Owner Occupied HU | 3,809 (64.1%) |
| Renter Occupied HU | 1,362 (22.9%) |
| Vacant Housing Units | 768 (12.9%) |
| Median Home Value | $150,116 |
| Average Home Value | $194,161 |
Housing Distribution
Address Breakdown
Residential
5,523
Single Family
5,161
Multi-Family
362
Businesses
481
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Listed by: Corey Fraise • Fraise Auction & Real Estate
Mls Name: NoCoast MLS as distributed by MLS GRID
Mls ID: #6332917