211 Indian AveHastingsIA51540
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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 Hastings at 211 Indian Ave, Hastings, IA, 51540 offers a 11.47% rental yield on a $175,000 purchase with $1,673/mo rent. Total monthly income registers $1,673/mo, and a $857/mo payment leaves $536/mo available for distribution. Annual cash flow reaches $6,432/yr on $58,013 to close, and return on cash invested stands at 31% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,349 over five years. Portfolio math shows five-year ROI at 162.7% and total cumulative return in cash at $94,387. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,673/mo property income against a $857/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51540, Hastings, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 169 (100%) |
| Owner Occupied HU | 136 (80.5%) |
| Renter Occupied HU | 13 ( 7.7%) |
| Vacant Housing Units | 20 (11.8%) |
| Median Home Value | $250,000 |
| Average Home Value | $233,199 |
Housing Distribution
Address Breakdown
Residential
136
Single Family
136
Multi-Family
0
Businesses
8
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