2278 Windmill WayWest PointIA52656
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 2278 Windmill Way, West Point, IA, 52656 in West Point. Rental yield 0%. At $270,000 with 0% gross yield, current distributions are modest, but the 5% appreciation rate projects $74,596 in new equity by year five, complemented by $2,263/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.00) allows non-U.S. residents to acquire without W-2s or domestic credit.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 7.0% |
| Monthly Cash Flow | $0 | $200 |
City averages based on West Point market data in our database. Property projections are estimates.
Condo
Built in 2023
14.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52656, West Point, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,098 (100%) |
| Owner Occupied HU | 864 (78.7%) |
| Renter Occupied HU | 149 (13.6%) |
| Vacant Housing Units | 85 ( 7.7%) |
| Median Home Value | $293,506 |
| Average Home Value | $361,172 |
Housing Distribution
Address Breakdown
Residential
937
Single Family
923
Multi-Family
14
Businesses
57
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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
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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Listed by: Karen S Hope • Hope Assoc. Real Estate
Mls Name: NoCoast MLS as distributed by MLS GRID
Mls ID: #6334864
