1815 E State StAlgonaIA50511
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Algona at 1815 E State St, Algona, IA, 50511 generates $1,676/mo in rent and, after a $1,038/mo payment, leaves $271/mo in cash flow. Total monthly income is $1,676/mo, and annual cash flow is $3,246/yr on $70,278 invested. Return on cash invested sits at 24.53% in year one, and rental yield is 9.49% on a $212,000 entry. Equity gained on principal adds $1,368/yr, while 5% annual appreciation builds toward $58,572 over five years. Five-year ROI reaches 128.21% and total cumulative return in cash sums $90,103. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,676/mo property income rather than buyer’s personal income.
Single Family
Built in 1976
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50511, Algona, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,327 (100%) |
| Owner Occupied HU | 2,152 (64.7%) |
| Renter Occupied HU | 824 (24.8%) |
| Vacant Housing Units | 351 (10.6%) |
| Median Home Value | $209,187 |
| Average Home Value | $256,150 |
Housing Distribution
Address Breakdown
Residential
3,261
Single Family
2,872
Multi-Family
389
Businesses
464
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Janelle Arrowood • Weichert, REALTORS-The 515 Agency
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6320954
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.