121 N 16th StEsthervilleIA51334
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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 Estherville at 121 N 16th St, Estherville, IA, 51334 offers a 8.52% rental yield on a $151,000 purchase with $1,072/mo rent. Total monthly income registers $1,072/mo, and a $739/mo payment leaves $91/mo available for distribution. Annual cash flow reaches $1,097/yr on $50,057 to close, and return on cash invested stands at 22.1% in year one. Equity gained on principal adds $974/yr while 5% annual appreciation supports $41,719 over five years. Portfolio math shows five-year ROI at 115.06% and total cumulative return in cash at $57,596. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,072/mo property income against a $739/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51334, Estherville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,287 (100%) |
| Owner Occupied HU | 2,268 (69.0%) |
| Renter Occupied HU | 683 (20.8%) |
| Vacant Housing Units | 336 (10.2%) |
| Median Home Value | $114,829 |
| Average Home Value | $160,100 |
Housing Distribution
Address Breakdown
Residential
3,164
Single Family
2,916
Multi-Family
248
Businesses
290
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Listed by: Rob Goebel • eXp Realty LLC
Mls Name: Iowa Great Lakes BOR
Mls Provider:
Mls ID: #250471
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.