1407 Lincoln StGowrieIA50543
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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 Gowrie at 1407 Lincoln St, Gowrie, IA, 50543 uses $38,089 cash to close to unlock $1,814/yr annual cash flow and $151/mo monthly cash flow. Total monthly income runs $897/mo, and a $562/mo payment keeps the spread at $151/mo. Purchase price stands at $114,900, and rental yield measures 9.37% with $897/mo rent. Return on cash invested shows 24.67% in year one, and 5% annual appreciation builds toward $31,745 over five years. Five-year ROI reaches 128.89% and total cumulative return in cash records $49,094. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $897/mo property income covering a $562/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50543, Gowrie, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 633 (100%) |
| Owner Occupied HU | 434 (68.6%) |
| Renter Occupied HU | 122 (19.3%) |
| Vacant Housing Units | 77 (12.2%) |
| Median Home Value | $168,421 |
| Average Home Value | $283,041 |
Housing Distribution
Address Breakdown
Residential
341
Single Family
341
Multi-Family
0
Businesses
47
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