2216 Highway 3Albert CityIA50510
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Albert City at 2216 Highway 3, Albert City, IA, 50510 generates $2,101/mo in rent, after a $1,762/mo payment. Total monthly income is $2,101/mo. Return on cash invested sits at 17.53% in year one, and rental yield is 7% on a $360,000 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 90.46% and total cumulative return in cash sums $107,949. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,101/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
3.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50510, Albert City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 494 (100%) |
| Owner Occupied HU | 346 (70.0%) |
| Renter Occupied HU | 89 (18.0%) |
| Vacant Housing Units | 59 (11.9%) |
| Median Home Value | $112,500 |
| Average Home Value | $203,815 |
Housing Distribution
Address Breakdown
Residential
338
Single Family
334
Multi-Family
4
Businesses
34
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jaime M Peterson • Hopkins Realty Inc
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #823751
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.