2356 Newport AveBedfordIA50833
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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 Bedford at 2356 Newport Ave, Bedford, IA, 50833 generates $1,165/mo in rent, after a $1,225/mo payment. Total monthly income is $1,165/mo. Return on cash invested sits at 13.25% in year one, and rental yield is 5.59% on a $250,260 entry. Equity gained on principal adds $1,615/yr, while 5% annual appreciation builds toward $69,142 over five years. Five-year ROI reaches 67.56% and total cumulative return in cash sums $56,048. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,165/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
29.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50833, Bedford, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,093 (100%) |
| Owner Occupied HU | 735 (67.2%) |
| Renter Occupied HU | 215 (19.7%) |
| Vacant Housing Units | 143 (13.1%) |
| Median Home Value | $122,669 |
| Average Home Value | $180,378 |
Housing Distribution
Address Breakdown
Residential
932
Single Family
925
Multi-Family
7
Businesses
108
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Listed by: Douglas Thompson • Red Brick Realty
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6329073
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.