1239 220th St, New Market, IA, 51646 | $4/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1239 220th St, New Market, IA, 51646 | $4/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in New Market at 1239 220th St, New Market, IA, 51646 earns $4/mo cash flow from $971/mo rent with a $729/mo payment. Total monthly income totals $971/mo, and annual cash flow totals $43/yr on $49,394 capital. ROI tracks 20% on current figures, and rental yield reads 7.82% at a $149,000 purchase. Equity gained on principal adds $961/yr, and 5% annual appreciation supports $41,166 over five years. Five-year ROI reaches 103.75% and total cumulative return in cash sums $51,244. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $971/mo property income instead of your personal income.

Single Family

Built in 1910

1.20 Acres lot

$N/A/sqft

No HOA

More details about the property

This charming home, nestled on a generous 1.2-acre lot just 1 mile from New Market, Iowa, offers a cozy living experience with its two potential bedrooms and a small third bedroom option. It features a well-maintained bathroom and has undergone many recent updates, ensuring modern comforts. The property is equipped with both a garage and a shed, along with an old barn, all of which have electrical connections. This adds significant utility for storage or hobbies. Location is a key highlight, with quick access to nearby towns: just 8 minutes to Clarinda, 11 minutes to Bedford, and 12 minutes to Windmill Lake. The home is designed for practicality, boasting central air and heating that are in great working order, making it an economical choice. While it may not be perfect, its affordability and potential make it worth a visit. Don?t miss the chance to see this unique property today!