1213 E State StAlgonaIA50511
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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 Algona at 1213 E State St, Algona, IA, 50511 at $253,400 posts ROI 23% with $217/mo cash flow from $1,862/mo rent. Total monthly income equals $1,862/mo, and annual cash flow records $2,599/yr on $84,002 to close. Return on cash invested measures 23% and rental yield reads 8.82% at the current $253,400. Equity gained on principal adds $1,635/yr, and 5% annual appreciation supports $70,010 by year five. Five-year ROI prints 119.85% and total cumulative return in cash totals $100,677.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,862/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50511, Algona, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,327 (100%) |
| Owner Occupied HU | 2,152 (64.7%) |
| Renter Occupied HU | 824 (24.8%) |
| Vacant Housing Units | 351 (10.6%) |
| Median Home Value | $209,187 |
| Average Home Value | $256,150 |
Housing Distribution
Address Breakdown
Residential
3,261
Single Family
2,872
Multi-Family
389
Businesses
464
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