2334 290th StNew LondonIA52645
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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 New London at 2334 290th St, New London, IA, 52645 offers a 8.39% rental yield on a $225,000 purchase with $1,573/mo rent. Total monthly income registers $1,573/mo, and a $1,101/mo payment leaves $112/mo available for distribution. Annual cash flow reaches $1,344/yr on $74,588 to close, and return on cash invested stands at 21.71% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 112.89% and total cumulative return in cash at $84,201. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,573/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1997
9.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52645, New London, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,459 (100%) |
| Owner Occupied HU | 1,140 (78.1%) |
| Renter Occupied HU | 249 (17.1%) |
| Vacant Housing Units | 70 ( 4.8%) |
| Median Home Value | $168,033 |
| Average Home Value | $217,375 |
Housing Distribution
Address Breakdown
Residential
1,314
Single Family
1,288
Multi-Family
26
Businesses
69
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Listed by: Dennis Ebersole • Southeast Iowa Realty Inc
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6325598
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.