1124 E Main StWashingtonIA52353
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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 Washington at 1124 E Main St, Washington, IA, 52353 earns $429/mo cash flow from $1,500/mo rent with a $807/mo payment. Total monthly income totals $1,500/mo, and annual cash flow totals $5,150/yr on $54,664 capital. ROI tracks 29.33% on current figures, and rental yield reads 10.92% at a $164,900 purchase. Equity gained on principal adds $1,064/yr, and 5% annual appreciation supports $45,559 over five years. Five-year ROI reaches 153.83% and total cumulative return in cash sums $84,088. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,500/mo property income instead of your personal income.
Single Family
Built in 1949
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52353, Washington, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,106 (100%) |
| Owner Occupied HU | 2,697 (65.7%) |
| Renter Occupied HU | 1,115 (27.2%) |
| Vacant Housing Units | 294 ( 7.2%) |
| Median Home Value | $173,592 |
| Average Home Value | $231,948 |
Housing Distribution
Address Breakdown
Residential
3,946
Single Family
3,655
Multi-Family
291
Businesses
429
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Listed by: Connie Larsen • RE/MAX Affiliates
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202502147
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. Listing information is deemed reliable, but not guaranteed accurate by the MLS.