1302 Washington AveIowa FallsIA50126
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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 Iowa Falls at 1302 Washington Ave, Iowa Falls, IA, 50126 uses $66,300 cash to close to unlock $5,352/yr annual cash flow and $446/mo monthly cash flow. Total monthly income runs $1,745/mo, and a $979/mo payment keeps the spread at $446/mo. Purchase price stands at $200,000, and rental yield measures 10.47% with $1,745/mo rent. Return on cash invested shows 27.98% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 146.51% and total cumulative return in cash records $97,136. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,745/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1930
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50126, Iowa Falls, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,098 (100%) |
| Owner Occupied HU | 1,928 (62.2%) |
| Renter Occupied HU | 779 (25.1%) |
| Vacant Housing Units | 391 (12.6%) |
| Median Home Value | $134,118 |
| Average Home Value | $157,281 |
Housing Distribution
Address Breakdown
Residential
2,960
Single Family
2,739
Multi-Family
221
Businesses
386
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Listed by: Ingrid Williams • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #717164
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.