209 6th Ave NHospersIA51238
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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 Hospers at 209 6th Ave N, Hospers, IA, 51238 listed at $183,000 pairs $1,859/mo rent with a $896/mo payment to leave $670/mo cash flow. Total monthly income runs $1,859/mo, and annual cash flow reaches $8,042/yr on $60,665 cash to close. Return on cash invested measures 33.17% in year one, and rental yield registers 12.19% at a $183,000 basis. Equity gained on principal adds $1,181/yr, and annual property appreciation at 5% supports $50,560 by year five. Five-year ROI tracks 174.39% and total cumulative return in cash totals $105,791. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,859/mo property income relative to a $896/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51238, Hospers, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 480 (100%) |
| Owner Occupied HU | 394 (82.1%) |
| Renter Occupied HU | 56 (11.7%) |
| Vacant Housing Units | 30 ( 6.2%) |
| Median Home Value | $210,000 |
| Average Home Value | $277,608 |
Housing Distribution
Address Breakdown
Residential
240
Single Family
229
Multi-Family
11
Businesses
34
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Listed by: Kyle Hansen • Century 21 ProLink - Le Mars
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #829037
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.