203 Primghar AveArcherIA51231
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Archer at 203 Primghar Ave, Archer, IA, 51231 offers $1,132/mo rent that, after a $563/mo payment, leaves $385/mo cash flow. Total monthly income is $1,132/mo, and annual cash flow is $4,620/yr on $38,123 cash. Return on cash invested measures 32.03% in year one, and rental yield stands at 11.81% at a $115,000 entry. Equity gained on principal adds $742/yr while 5% annual appreciation compounds into $31,772 by year five. Five-year ROI records 168.24% and total cumulative return in cash reaches $64,137. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,132/mo property income versus a $563/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51231, Archer, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 113 (100%) |
| Owner Occupied HU | 83 (73.5%) |
| Renter Occupied HU | 13 (11.5%) |
| Vacant Housing Units | 17 (15.0%) |
| Median Home Value | $203,947 |
| Average Home Value | $228,916 |
Housing Distribution
Address Breakdown
Residential
71
Single Family
71
Multi-Family
0
Businesses
9
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Listed by: Dean Fjeld • Northwest Realty
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #828328
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.