1321 Chestnut AveLarchwoodIA51241
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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
Rental property for sale in Larchwood at 1321 Chestnut Ave, Larchwood, IA, 51241 priced at $429,900 converts $1,332/mo rent into after a $2,104/mo obligation. Total monthly income equals $1,332/mo. Return on cash invested prints 7.62% in year one, and rental yield reads 3.72% against a $429,900 entry. Equity gained on principal adds $2,774/yr, while 5% annual appreciation compiles into $118,773 by year five. Five-year ROI reaches 37.36% and total cumulative return in cash sums $53,239. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,332/mo property income covering a $2,104/mo payment, not borrower’s personal income.
Single Family
Built in 1900
8.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51241, Larchwood, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 783 (100%) |
| Owner Occupied HU | 621 (79.3%) |
| Renter Occupied HU | 113 (14.4%) |
| Vacant Housing Units | 49 ( 6.3%) |
| Median Home Value | $328,198 |
| Average Home Value | $331,272 |
Housing Distribution
Address Breakdown
Residential
584
Single Family
560
Multi-Family
24
Businesses
52
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Listed by: Nicholas Blau • Hegg Realtors Inc.
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #826236
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.