1301 3rd Ave SNorthwoodIA50459
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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 Northwood at 1301 3rd Ave S, Northwood, IA, 50459 earns $254/mo cash flow from $1,391/mo rent with a $857/mo payment. Total monthly income totals $1,391/mo, and annual cash flow totals $3,048/yr on $58,013 capital. ROI tracks 25.16% on current figures, and rental yield reads 9.54% at a $175,000 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 over five years. Five-year ROI reaches 131.4% and total cumulative return in cash sums $76,231. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,391/mo property income instead of your personal income.
Single Family
Built in 1966
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50459, Northwood, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,430 (100%) |
| Owner Occupied HU | 1,017 (71.1%) |
| Renter Occupied HU | 280 (19.6%) |
| Vacant Housing Units | 133 ( 9.3%) |
| Median Home Value | $164,982 |
| Average Home Value | $208,373 |
Housing Distribution
Address Breakdown
Residential
1,321
Single Family
1,217
Multi-Family
104
Businesses
135
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Listed by: Julie Hagen Robb • Century 21 Preferred Northwood
Mls Name: Greater Mason BOR
Mls Provider:
Mls ID: #250174
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.