200 E 2nd St, Olin, IA, 52320 | $278/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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200 E 2nd St, Olin, IA, 52320 | $278/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Olin at 200 E 2nd St, Olin, IA, 52320 offers a 10.72% rental yield on a $114,000 purchase with $1,018/mo rent. Total monthly income registers $1,018/mo, and a $558/mo payment leaves $278/mo available for distribution. Annual cash flow reaches $3,331/yr on $37,791 to close, and return on cash invested stands at 28.72% in year one. Equity gained on principal adds $736/yr while 5% annual appreciation supports $31,496 over five years. Portfolio math shows five-year ROI at 150.6% and total cumulative return in cash at $56,911. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,018/mo property income against a $558/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1900

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

Discover small-town living in Olin, just 26 miles from Cedar Rapids and less than a 20-minute drive to Anamosa. As you enter, you are greeted into the main living space where you can use it as your living room or dining room; you choose. Just off the main area is a bonus room, use it as a TV room, office, or a guest bedroom. Attached to this room is the Jack and Jill full bath and the main-floor bedroom. Up the stairs is a landing and bedroom number two. This property is situated on a corner lot in town, featuring an oversized 2-stall garage (24x36) with a heated workshop, ideal for projects, hobbies, or additional storage. Inside, you'll appreciate the abundance of natural light from the large windows, the convenience of main-level laundry, and the enclosed front porch that provides additional living space. Low Taxes, Sold As Is_Quick possession availablemove in and make it your own!

Neighborhood Data

Neighborhood data shown for ZIP Code: 52320, Olin, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	507 (100%)
Owner Occupied HU	349 (68.8%)
Renter Occupied HU	90 (17.8%)
Vacant Housing Units	68 (13.4%)
Median Home Value	$148,986
Average Home Value	$204,742