1900 303rd AveFort 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 1900 303rd Ave, Fort Madison, IA, 52627 uses $70,444 cash to close to unlock $720/yr annual cash flow and $60/mo monthly cash flow. Total monthly income runs $1,440/mo, and a $1,040/mo payment keeps the spread at $60/mo. Purchase price stands at $212,500, and rental yield measures 8.13% with $1,440/mo rent. Return on cash invested shows 20.93% in year one, and 5% annual appreciation builds toward $58,710 over five years. Five-year ROI reaches 108.71% and total cumulative return in cash records $76,580. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,440/mo property income covering a $1,040/mo payment rather than investor’s personal income.
Single Family
Built in 1900
2.58 Acres 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: Tamera Stuekerjuergen • Fraise Auction Real Estate
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6321773
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.