204 NE 1st Ave WWest BendIA50597
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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 West Bend at 204 NE 1st Ave W, West Bend, IA, 50597 offers a 8.5% rental yield on a $240,000 purchase with $1,700/mo rent. Total monthly income registers $1,700/mo, and a $1,175/mo payment leaves $141/mo available for distribution. Annual cash flow reaches $1,692/yr on $79,560 to close, and return on cash invested stands at 22.04% in year one. Equity gained on principal adds $1,549/yr while 5% annual appreciation supports $66,308 over five years. Portfolio math shows five-year ROI at 114.63% and total cumulative return in cash at $91,202. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,700/mo property income against a $1,175/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
10,164 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50597, West Bend, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 556 (100%) |
| Owner Occupied HU | 421 (75.7%) |
| Renter Occupied HU | 93 (16.7%) |
| Vacant Housing Units | 42 ( 7.6%) |
| Median Home Value | $177,404 |
| Average Home Value | $240,125 |
Housing Distribution
Address Breakdown
Residential
304
Single Family
270
Multi-Family
34
Businesses
71
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Listed by: Jay Bargman • Farm & Home Services
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6322975
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.