205 34th Ave WSpencerIA51301
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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 Spencer at 205 34th Ave W, Spencer, IA, 51301 listed at $284,900 pairs $2,527/mo rent with a $1,394/mo payment to leave $640/mo cash flow. Total monthly income runs $2,527/mo, and annual cash flow reaches $7,676/yr on $94,444 cash to close. Return on cash invested measures 28.04% in year one, and rental yield registers 10.64% at a $284,900 basis. Equity gained on principal adds $1,838/yr, and annual property appreciation at 5% supports $78,713 by year five. Five-year ROI tracks 147.01% and total cumulative return in cash totals $138,839. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,527/mo property income relative to a $1,394/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2023
6,098 sqft lot
$N/A/sqft
$450 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51301, Spencer, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,257 (100%) |
| Owner Occupied HU | 3,762 (60.1%) |
| Renter Occupied HU | 1,788 (28.6%) |
| Vacant Housing Units | 707 (11.3%) |
| Median Home Value | $196,406 |
| Average Home Value | $264,591 |
Housing Distribution
Address Breakdown
Residential
5,949
Single Family
4,996
Multi-Family
953
Businesses
663
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Listed by: Cristy Jones • Northwest Iowa Realty
Mls Name: Iowa Great Lakes BOR
Mls Provider:
Mls ID: #231321
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.