203 W Franklin StNew SharonIA50207
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
Investment property for sale in New Sharon at 203 W Franklin St, New Sharon, IA, 50207 at $385,000 posts ROI 13.57% with from $1,826/mo rent. Total monthly income equals $1,826/mo. Return on cash invested measures 13.57% and rental yield reads 5.69% at the current $385,000. Equity gained on principal adds $2,484/yr, and 5% annual appreciation supports $106,368 by year five. Five-year ROI prints 69.25% and total cumulative return in cash totals $88,378. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,826/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1910
2.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50207, New Sharon, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,045 (100%) |
| Owner Occupied HU | 732 (70.0%) |
| Renter Occupied HU | 206 (19.7%) |
| Vacant Housing Units | 107 (10.2%) |
| Median Home Value | $230,159 |
| Average Home Value | $291,499 |
Housing Distribution
Address Breakdown
Residential
719
Single Family
684
Multi-Family
35
Businesses
64
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Olivia Williams • Iowa Realty
Mls Name: Iowa City Area AOR
Mls ID: #202503168