15 S Western AveNew HamptonIA50659
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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 New Hampton at 15 S Western Ave, New Hampton, IA, 50659 priced at $147,000 converts $1,362/mo rent into $408/mo cash flow after a $719/mo obligation. Total monthly income equals $1,362/mo, and annual cash flow totals $4,894/yr on $48,731 invested. Return on cash invested prints 29.95% in year one, and rental yield reads 11.12% against a $147,000 entry. Equity gained on principal adds $949/yr, while 5% annual appreciation compiles into $40,613 by year five. Five-year ROI reaches 157.11% and total cumulative return in cash sums $76,560. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,362/mo property income covering a $719/mo payment, not borrower’s personal income.
Single Family
Built in 1971
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50659, New Hampton, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,449 (100%) |
| Owner Occupied HU | 1,676 (68.4%) |
| Renter Occupied HU | 537 (21.9%) |
| Vacant Housing Units | 236 ( 9.6%) |
| Median Home Value | $202,222 |
| Average Home Value | $232,090 |
Housing Distribution
Address Breakdown
Residential
2,286
Single Family
2,186
Multi-Family
100
Businesses
249
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Listed by: Jarrett Holthaus • Cedar Valley Property Solutions-New Hampton
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20255193