2309 Main StHamburgIA51640
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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 Hamburg at 2309 Main St, Hamburg, IA, 51640 offers a 9.09% rental yield on a $175,000 purchase with $1,326/mo rent. Total monthly income registers $1,326/mo, and a $857/mo payment leaves $189/mo available for distribution. Annual cash flow reaches $2,268/yr on $58,013 to close, and return on cash invested stands at 23.82% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,349 over five years. Portfolio math shows five-year ROI at 124.19% and total cumulative return in cash at $72,043. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,326/mo property income against a $857/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51640, Hamburg, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 660 (100%) |
| Owner Occupied HU | 416 (63.0%) |
| Renter Occupied HU | 111 (16.8%) |
| Vacant Housing Units | 133 (20.2%) |
| Median Home Value | $150,000 |
| Average Home Value | $205,361 |
Housing Distribution
Address Breakdown
Residential
571
Single Family
571
Multi-Family
0
Businesses
47
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