1124 3rd StJesupIA50648
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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 Jesup at 1124 3rd St, Jesup, IA, 50648 offers a 9.86% rental yield on a $242,500 purchase with $1,993/mo rent. Total monthly income registers $1,993/mo, and a $1,187/mo payment leaves $418/mo available for distribution. Annual cash flow reaches $5,016/yr on $80,389 to close, and return on cash invested stands at 26.15% in year one. Equity gained on principal adds $1,565/yr while 5% annual appreciation supports $66,998 over five years. Portfolio math shows five-year ROI at 136.7% and total cumulative return in cash at $109,891. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,993/mo property income against a $1,187/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50648, Jesup, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,697 (100%) |
| Owner Occupied HU | 1,313 (77.4%) |
| Renter Occupied HU | 256 (15.1%) |
| Vacant Housing Units | 128 ( 7.5%) |
| Median Home Value | $226,541 |
| Average Home Value | $260,499 |
Housing Distribution
Address Breakdown
Residential
1,470
Single Family
1,446
Multi-Family
24
Businesses
97
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