1315 13th StOnawaIA51040
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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 Onawa at 1315 13th St, Onawa, IA, 51040 uses $94,478 cash to close to unlock $96/yr annual cash flow and $8/mo monthly cash flow. Total monthly income runs $1,859/mo, and a $1,395/mo payment keeps the spread at $8/mo. Purchase price stands at $285,000, and rental yield measures 7.83% with $1,859/mo rent. Return on cash invested shows 20.01% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 103.76% and total cumulative return in cash records $98,034. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,859/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 2005
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51040, Onawa, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,799 (100%) |
| Owner Occupied HU | 1,076 (59.8%) |
| Renter Occupied HU | 497 (27.6%) |
| Vacant Housing Units | 226 (12.6%) |
| Median Home Value | $150,485 |
| Average Home Value | $167,786 |
Housing Distribution
Address Breakdown
Residential
1,566
Single Family
1,465
Multi-Family
101
Businesses
177
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