1661 Hancock AveMovilleIA51039
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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 Moville at 1661 Hancock Ave, Moville, IA, 51039 generates $2,252/mo in rent, after a $2,325/mo payment. Total monthly income is $2,252/mo. Return on cash invested sits at 13.56% in year one, and rental yield is 5.69% on a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 69.19% and total cumulative return in cash sums $108,943. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,252/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
5.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51039, Moville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,053 (100%) |
| Owner Occupied HU | 784 (74.5%) |
| Renter Occupied HU | 197 (18.7%) |
| Vacant Housing Units | 72 ( 6.8%) |
| Median Home Value | $299,115 |
| Average Home Value | $296,381 |
Housing Distribution
Address Breakdown
Residential
667
Single Family
641
Multi-Family
26
Businesses
67
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Listed by: Dawn L Conover • NextHome Tri State Realty
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #827946
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.