2021 2nd Ave NFort DodgeIA50501
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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 Fort Dodge at 2021 2nd Ave N, Fort Dodge, IA, 50501 generates $1,053/mo in rent and, after a $661/mo payment, leaves $176/mo in cash flow. Total monthly income is $1,053/mo, and annual cash flow is $2,112/yr on $44,753 invested. Return on cash invested sits at 24.63% in year one, and rental yield is 9.36% on a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 128.52% and total cumulative return in cash sums $57,517. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,053/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50501, Fort Dodge, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,107 (100%) |
| Owner Occupied HU | 7,476 (57.0%) |
| Renter Occupied HU | 3,971 (30.3%) |
| Vacant Housing Units | 1,660 (12.7%) |
| Median Home Value | $161,154 |
| Average Home Value | $209,301 |
Housing Distribution
Address Breakdown
Residential
12,306
Single Family
11,143
Multi-Family
1,163
Businesses
1,207
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Listed by: Brandon Lee • Eastwood Realty LLC
Mls Name: Fort Dodge BOR
Mls Provider:
Mls ID: #26158
Disclaimer: Copyright Fort Dodge Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.