203 Broadway StSpringvilleIA52336
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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 Springville at 203 Broadway St, Springville, IA, 52336 uses $112,379 cash to close to unlock $3,151/yr annual cash flow and $263/mo monthly cash flow. Total monthly income runs $2,464/mo, and a $1,659/mo payment keeps the spread at $263/mo. Purchase price stands at $339,000, and rental yield measures 8.72% with $2,464/mo rent. Return on cash invested shows 22.71% in year one, and 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 118.28% and total cumulative return in cash records $132,916. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,464/mo property income covering a $1,659/mo payment rather than investor’s personal income.
Single Family
Built in 1895
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52336, Springville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 989 (100%) |
| Owner Occupied HU | 753 (76.1%) |
| Renter Occupied HU | 157 (15.9%) |
| Vacant Housing Units | 79 ( 8.0%) |
| Median Home Value | $261,436 |
| Average Home Value | $307,560 |
Housing Distribution
Address Breakdown
Residential
851
Single Family
851
Multi-Family
0
Businesses
42
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Listed by: Emily Robison • Pinnacle Realty LLC
Mls Name: CRAAR, CDRMLS
Mls ID: #2600305