1515 Avenue CFort MadisonIA52627
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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 Fort Madison at 1515 Avenue C, Fort Madison, IA, 52627 listed at $115,000 pairs $916/mo rent with a $563/mo payment to leave $169/mo cash flow. Total monthly income runs $916/mo, and annual cash flow reaches $2,028/yr on $38,123 cash to close. Return on cash invested measures 25.23% in year one, and rental yield registers 9.56% at a $115,000 basis. Equity gained on principal adds $742/yr, and annual property appreciation at 5% supports $31,772 by year five. Five-year ROI tracks 131.76% and total cumulative return in cash totals $50,229. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $916/mo property income relative to a $563/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52627, Fort Madison, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,939 (100%) |
| Owner Occupied HU | 3,809 (64.1%) |
| Renter Occupied HU | 1,362 (22.9%) |
| Vacant Housing Units | 768 (12.9%) |
| Median Home Value | $150,116 |
| Average Home Value | $194,161 |
Housing Distribution
Address Breakdown
Residential
5,523
Single Family
5,161
Multi-Family
362
Businesses
481
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Listed by: Zachary Swink • Ruhl & Ruhl, REALTORS
Mls Name: NoCoast MLS
Mls ID: #6331087