113 1st St SWNora SpringsIA50458
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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 Nora Springs at 113 1st St SW, Nora Springs, IA, 50458 priced at $115,000 pairs $880/mo rent with $133/mo cash flow after a $563/mo payment. Total monthly income equals $880/mo, and annual cash flow comes to $1,596/yr on $38,123 invested. Return on cash invested is 24.1% in year one, and rental yield stands at 9.18% on a $115,000 basis. Equity gained on principal adds $742/yr, and 5% annual appreciation accumulates to $31,772 by year five. Five-year ROI measures 125.71% and total cumulative return in cash reaches $47,925. For financing, Ziffy Mortgage’s DSCR program evaluates $880/mo property income against a $563/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1930
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50458, Nora Springs, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 844 (100%) |
| Owner Occupied HU | 669 (79.3%) |
| Renter Occupied HU | 112 (13.3%) |
| Vacant Housing Units | 63 ( 7.5%) |
| Median Home Value | $187,868 |
| Average Home Value | $257,474 |
Housing Distribution
Address Breakdown
Residential
588
Single Family
580
Multi-Family
8
Businesses
51
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Listed by: Court Christianson • Jaspersen Ins. & Real Estate
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6326084
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.