208 S Main StOldsIA52647
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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 Olds at 208 S Main St, Olds, IA, 52647 priced at $219,000 converts $1,601/mo rent into $179/mo cash flow after a $1,072/mo obligation. Total monthly income equals $1,601/mo, and annual cash flow totals $2,143/yr on $72,599 invested. Return on cash invested prints 22.86% in year one, and rental yield reads 8.77% against a $219,000 entry. Equity gained on principal adds $1,413/yr, while 5% annual appreciation compiles into $60,506 by year five. Five-year ROI reaches 119.09% and total cumulative return in cash sums $86,457. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,601/mo property income covering a $1,072/mo payment, not borrower’s personal income.
Single Family
Built in 1900
1.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52647, Olds, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 101 (100%) |
| Owner Occupied HU | 66 (65.3%) |
| Renter Occupied HU | 17 (16.8%) |
| Vacant Housing Units | 18 (17.8%) |
| Median Home Value | $175,000 |
| Average Home Value | $193,561 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
9
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