1608 Palmer StEmmetsburgIA50536
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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 Emmetsburg at 1608 Palmer St, Emmetsburg, IA, 50536 generates $900/mo in rent and, after a $562/mo payment, leaves $154/mo in cash flow. Total monthly income is $900/mo, and annual cash flow is $1,850/yr on $38,089 invested. Return on cash invested sits at 24.77% in year one, and rental yield is 9.4% on a $114,900 entry. Equity gained on principal adds $741/yr, while 5% annual appreciation builds toward $31,745 over five years. Five-year ROI reaches 129.4% and total cumulative return in cash sums $49,286. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $900/mo property income rather than buyer’s personal income.
Single Family
Built in 1942
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50536, Emmetsburg, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,123 (100%) |
| Owner Occupied HU | 1,274 (60.0%) |
| Renter Occupied HU | 524 (24.7%) |
| Vacant Housing Units | 325 (15.3%) |
| Median Home Value | $154,321 |
| Average Home Value | $220,795 |
Housing Distribution
Address Breakdown
Residential
1,839
Single Family
1,700
Multi-Family
139
Businesses
213
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Listed by: Jayden Johnson • Johnson Realty
Mls Name: Iowa Great Lakes BOR
Mls ID: #251168