221 E 7th StWashingtonIA52353
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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 Washington at 221 E 7th St, Washington, IA, 52353 uses $64,643 cash to close to unlock $4,980/yr annual cash flow and $415/mo monthly cash flow. Total monthly income runs $1,681/mo, and a $954/mo payment keeps the spread at $415/mo. Purchase price stands at $195,000, and rental yield measures 10.34% with $1,681/mo rent. Return on cash invested shows 27.61% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 144.55% and total cumulative return in cash records $93,442. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,681/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1890
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52353, Washington, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,106 (100%) |
| Owner Occupied HU | 2,697 (65.7%) |
| Renter Occupied HU | 1,115 (27.2%) |
| Vacant Housing Units | 294 ( 7.2%) |
| Median Home Value | $173,592 |
| Average Home Value | $231,948 |
Housing Distribution
Address Breakdown
Residential
3,946
Single Family
3,655
Multi-Family
291
Businesses
429
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Listed by: Matthew Lepic • Lepic-Kroeger, REALTORS
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202503871
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it 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 accurate by the MLS.