201 N Chestnut St, Winfield, IA, 52659 | 3.24% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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201 N Chestnut St, Winfield, IA, 52659 | 3.24% Rental Yield | 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

Rental property for sale in Winfield at 201 N Chestnut St, Winfield, IA, 52659 priced at $425,000 converts $1,148/mo rent into after a $2,080/mo obligation. Total monthly income equals $1,148/mo. Return on cash invested prints 6.18% in year one, and rental yield reads 3.24% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 29.6% and total cumulative return in cash sums $41,705. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,148/mo property income covering a $2,080/mo payment, not borrower’s personal income.

Single Family

Built in 1979

0.33 Acres lot

$N/A/sqft

No HOA

More details about the property

Beautifully landscaped, spacious ranch-style home on a .33 acre corner lot with many nice amenities! Enter the home from the covered front porch. The entry has a large closet for storing coats, boots & loads of other necessities. The renovated kitchen has an abundance of beautiful (Bertch) cabinetry with granite countertops. LVP flooring installed in kitchen and dining areas. Near the kitchen, the glass slider opens onto a spacious deck. Off of the kitchen is a dining area that looks outside past the covered porch to the park across the street. The hallway leading off of the kitchen/dining area leads to the master bedroom & two nice-sized bedrooms. Nestled amidst the bedrooms is a large bathroom with beautiful cabinetry & a laundry closet. Back in the kitchen, you can access the very spacious living room with a wood-burning fireplace & beautiful custom-built cabinetry. Just off the living room is a half bath & the garage access. This home not only offers a 2-car attached garage, but an additional 30' X 48' (5+ car) detached garage with a heated/cooled space to "hang out". The room is also suited for a shop if desired. In addition, there is a 12' X 20' garden shed in the back yard to hold plenty of supplies to help maintain the beautifully landscaped yard. Seller is relative of R.E. Agent.

Neighborhood Data

Neighborhood data shown for ZIP Code: 52659, Winfield, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	689 (100%)
Owner Occupied HU	450 (65.3%)
Renter Occupied HU	157 (22.8%)
Vacant Housing Units	82 (11.9%)
Median Home Value	$126,563
Average Home Value	$219,211