2062 Velvet AveThayerIA50254
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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
Rental property for sale in Thayer at 2062 Velvet Ave, Thayer, IA, 50254 priced at $569,600 converts $1,543/mo rent into after a $2,788/mo obligation. Total monthly income equals $1,543/mo. Return on cash invested prints 6.25% in year one, and rental yield reads 3.25% against a $569,600 entry. Equity gained on principal adds $3,676/yr, while 5% annual appreciation compiles into $157,370 by year five. Five-year ROI reaches 29.98% and total cumulative return in cash sums $56,191. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,543/mo property income covering a $2,788/mo payment, not borrower’s personal income.
Single Family
Built in 1935
80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50254, Thayer, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 168 (100%) |
| Owner Occupied HU | 128 (76.2%) |
| Renter Occupied HU | 22 (13.1%) |
| Vacant Housing Units | 18 (10.7%) |
| Median Home Value | $250,000 |
| Average Home Value | $311,211 |
Housing Distribution
Address Breakdown
Residential
134
Single Family
134
Multi-Family
0
Businesses
0
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