1501 Watson WayParkersburgIA50665
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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 Parkersburg at 1501 Watson Way, Parkersburg, IA, 50665 priced at $440,000 pairs $1,548/mo rent with after a $2,154/mo payment. Total monthly income equals $1,548/mo. Return on cash invested is 9.13% in year one, and rental yield stands at 4.22% on a $440,000 basis. Equity gained on principal adds $2,839/yr, and 5% annual appreciation accumulates to $121,564 by year five. Five-year ROI measures 45.43% and total cumulative return in cash reaches $66,262. For financing, Ziffy Mortgage’s DSCR program evaluates $1,548/mo property income against a $2,154/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 2016
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50665, Parkersburg, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,355 (100%) |
| Owner Occupied HU | 1,008 (74.4%) |
| Renter Occupied HU | 236 (17.4%) |
| Vacant Housing Units | 111 ( 8.2%) |
| Median Home Value | $229,118 |
| Average Home Value | $246,528 |
Housing Distribution
Address Breakdown
Residential
1,177
Single Family
1,118
Multi-Family
59
Businesses
98
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Listed by: Tracy L Mudd • Vine Valley Real Estate
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20250099