1308 E State StAlgonaIA50511
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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 Algona at 1308 E State St, Algona, IA, 50511 listed at $164,500 pairs $1,234/mo rent with a $805/mo payment to leave $166/mo cash flow. Total monthly income runs $1,234/mo, and annual cash flow reaches $1,990/yr on $54,532 cash to close. Return on cash invested measures 23.56% in year one, and rental yield registers 9% at a $164,500 basis. Equity gained on principal adds $1,061/yr, and annual property appreciation at 5% supports $45,448 by year five. Five-year ROI tracks 122.81% and total cumulative return in cash totals $66,970. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,234/mo property income relative to a $805/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1953
8,712 sqft 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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