205 2nd St SEHopkintonIA52237
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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 Hopkinton at 205 2nd St SE, Hopkinton, IA, 52237 uses $52,543 cash to close to unlock $4,265/yr annual cash flow and $355/mo monthly cash flow. Total monthly income runs $1,385/mo, and a $776/mo payment keeps the spread at $355/mo. Purchase price stands at $158,500, and rental yield measures 10.49% with $1,385/mo rent. Return on cash invested shows 28.03% in year one, and 5% annual appreciation builds toward $43,791 over five years. Five-year ROI reaches 146.83% and total cumulative return in cash records $77,147. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,385/mo property income covering a $776/mo payment rather than investor’s personal income.
Single Family
Built in 1993
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52237, Hopkinton, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 645 (100%) |
| Owner Occupied HU | 507 (78.6%) |
| Renter Occupied HU | 86 (13.3%) |
| Vacant Housing Units | 52 ( 8.1%) |
| Median Home Value | $172,418 |
| Average Home Value | $287,214 |
Housing Distribution
Address Breakdown
Residential
497
Single Family
497
Multi-Family
0
Businesses
32
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