209 S Main StBaxterIA50028
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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 Baxter at 209 S Main St, Baxter, IA, 50028 generates $1,341/mo in rent and, after a $587/mo payment, leaves $562/mo in cash flow. Total monthly income is $1,341/mo, and annual cash flow is $6,746/yr on $39,747 invested. Return on cash invested sits at 36.88% in year one, and rental yield is 13.42% on a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 194.4% and total cumulative return in cash sums $77,268. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,341/mo property income rather than buyer’s personal income.
Single Family
Built in 1948
5,880 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50028, Baxter, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 674 (100%) |
| Owner Occupied HU | 499 (74.0%) |
| Renter Occupied HU | 125 (18.5%) |
| Vacant Housing Units | 50 ( 7.4%) |
| Median Home Value | $229,237 |
| Average Home Value | $297,094 |
Housing Distribution
Address Breakdown
Residential
297
Single Family
297
Multi-Family
0
Businesses
56
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Listed by: Neil Seales • Baxter Real Estate Agency
Mls Name: DMMLS
Mls Provider:
Mls ID: #714477
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.