208 3rd Ave NEState CenterIA50247
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
Investment property for sale in State Center at 208 3rd Ave NE, State Center, IA, 50247 earns $299/mo cash flow from $1,643/mo rent with a $1,013/mo payment. Total monthly income totals $1,643/mo, and annual cash flow totals $3,586/yr on $68,621 capital. ROI tracks 25.13% on current figures, and rental yield reads 9.52% at a $207,000 purchase. Equity gained on principal adds $1,336/yr, and 5% annual appreciation supports $57,190 over five years. Five-year ROI reaches 131.28% and total cumulative return in cash sums $90,082. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,643/mo property income instead of your personal income.
Single Family
Built in 1858
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50247, State Center, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 987 (100%) |
| Owner Occupied HU | 719 (72.8%) |
| Renter Occupied HU | 188 (19.0%) |
| Vacant Housing Units | 80 ( 8.1%) |
| Median Home Value | $202,966 |
| Average Home Value | $249,979 |
Housing Distribution
Address Breakdown
Residential
628
Single Family
591
Multi-Family
37
Businesses
61
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Miranda Brockman • RE/MAX REAL ESTATE CENTER
Mls Name: CIBR
Mls ID: #68428