213 Davenport AveBaxterIA50028
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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 Baxter at 213 Davenport Ave, Baxter, IA, 50028 with 5% annual appreciation on a $269,900 basis while $2,472/mo rent supports operations. Total monthly income totals $2,472/mo and a $1,321/mo payment preserves $719/mo for cash returns. Annual cash flow comes to $8,630/yr on $89,472 deployed, and return on cash invested reaches 29.55% in year one. Equity gained on principal adds $1,742/yr, and five-year appreciation sums $74,568 alongside rental yield of 10.99%. Five-year ROI measures 155.02% and total cumulative return in cash totals $138,702.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,472/mo property income versus a $1,321/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1972
0.25 Acres 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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