24 N Gaylord AveNora SpringsIA50458
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Nora Springs at 24 N Gaylord Ave, Nora Springs, IA, 50458 generates $1,198/mo in rent and, after a $661/mo payment, leaves $321/mo in cash flow. Total monthly income is $1,198/mo, and annual cash flow is $3,852/yr on $44,753 invested. Return on cash invested sits at 28.52% in year one, and rental yield is 10.65% on a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 149.38% and total cumulative return in cash sums $66,853. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,198/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
6,572 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50458, Nora Springs, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 844 (100%) |
| Owner Occupied HU | 669 (79.3%) |
| Renter Occupied HU | 112 (13.3%) |
| Vacant Housing Units | 63 ( 7.5%) |
| Median Home Value | $187,868 |
| Average Home Value | $257,474 |
Housing Distribution
Address Breakdown
Residential
588
Single Family
580
Multi-Family
8
Businesses
51
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: JENNA SHERIFF • Jane Fischer & Associates Llc
Mls Name: Greater Mason BOR
Mls ID: #250272