123 South Locust AVENUENew HamptonIA50659
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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 New Hampton at 123 South Locust AVENUE, New Hampton, IA, 50659 with 5% annual appreciation on a $179,500 basis while $1,496/mo rent supports operations. Total monthly income totals $1,496/mo and a $879/mo payment preserves $330/mo for cash returns. Annual cash flow comes to $3,958/yr on $59,504 deployed, and return on cash invested reaches 26.56% in year one. Equity gained on principal adds $1,158/yr, and five-year appreciation sums $49,593 alongside rental yield of 10%. Five-year ROI measures 138.93% and total cumulative return in cash totals $82,672.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,496/mo property income versus a $879/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50659, New Hampton, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,449 (100%) |
| Owner Occupied HU | 1,676 (68.4%) |
| Renter Occupied HU | 537 (21.9%) |
| Vacant Housing Units | 236 ( 9.6%) |
| Median Home Value | $202,222 |
| Average Home Value | $232,090 |
Housing Distribution
Address Breakdown
Residential
2,286
Single Family
2,186
Multi-Family
100
Businesses
249
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Listed by: LeNae Schwickerath • Riverstone Real Estate Services LLC
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1921556
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