2218 8th Ave NFort DodgeIA50501
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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 Fort Dodge at 2218 8th Ave N, Fort Dodge, IA, 50501 generates $1,618/mo in rent and, after a $909/mo payment, leaves $349/mo in cash flow. Total monthly income is $1,618/mo, and annual cash flow is $4,194/yr on $61,593 invested. Return on cash invested sits at 26.72% in year one, and rental yield is 10.45% on a $185,800 entry. Equity gained on principal adds $1,199/yr, while 5% annual appreciation builds toward $51,333 over five years. Five-year ROI reaches 140.24% and total cumulative return in cash sums $86,378. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,618/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50501, Fort Dodge, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,107 (100%) |
| Owner Occupied HU | 7,476 (57.0%) |
| Renter Occupied HU | 3,971 (30.3%) |
| Vacant Housing Units | 1,660 (12.7%) |
| Median Home Value | $161,154 |
| Average Home Value | $209,301 |
Housing Distribution
Address Breakdown
Residential
12,306
Single Family
11,143
Multi-Family
1,163
Businesses
1,207
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