206 Wood AcreAlgonaIA50511
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 Algona at 206 Wood Acre, Algona, IA, 50511 priced at $425,000 pairs $690/mo rent with after a $2,080/mo payment. Total monthly income equals $690/mo. Return on cash invested is 2.28% in year one, and rental yield stands at 1.95% on a $425,000 basis. Equity gained on principal adds $2,742/yr, and 5% annual appreciation accumulates to $117,420 by year five. Five-year ROI measures 8.68% and total cumulative return in cash reaches $12,233. For financing, Ziffy Mortgage’s DSCR program evaluates $690/mo property income against a $2,080/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50511, Algona, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,327 (100%) |
| Owner Occupied HU | 2,152 (64.7%) |
| Renter Occupied HU | 824 (24.8%) |
| Vacant Housing Units | 351 (10.6%) |
| Median Home Value | $209,187 |
| Average Home Value | $256,150 |
Housing Distribution
Address Breakdown
Residential
3,261
Single Family
2,872
Multi-Family
389
Businesses
464
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Thomas Geelan • Farm & Home Services
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6328033
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.