15796 270th StConradIA50621
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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 Conrad at 15796 270th St, Conrad, IA, 50621 offers a 5.11% rental yield on a $320,000 purchase with $1,363/mo rent. 82% in year one. Equity gained on principal adds $2,065/yr while 5% annual appreciation supports $88,410 over five years. Portfolio math shows five-year ROI at 59.86% and total cumulative return in cash at $63,495. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,363/mo property income against a $1,566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
3.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50621, Conrad, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 644 (100%) |
| Owner Occupied HU | 475 (73.8%) |
| Renter Occupied HU | 99 (15.4%) |
| Vacant Housing Units | 70 (10.9%) |
| Median Home Value | $187,924 |
| Average Home Value | $244,595 |
Housing Distribution
Address Breakdown
Residential
213
Single Family
213
Multi-Family
0
Businesses
64
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Listed by: Jordan Hook • RE/MAX Concepts - Cedar Falls
Mls Name: Northeast Iowa Regional BOR
Mls Provider:
Mls ID: #20255387
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