2402 N Terrace DrWebster CityIA50595
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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 Webster City at 2402 N Terrace Dr, Webster City, IA, 50595 uses $148,844 cash to close to unlock $7,327/yr annual cash flow and $611/mo monthly cash flow. Total monthly income runs $3,527/mo, and a $2,198/mo payment keeps the spread at $611/mo. Purchase price stands at $449,000, and rental yield measures 9.43% with $3,527/mo rent. Return on cash invested shows 24.83% in year one, and 5% annual appreciation builds toward $124,050 over five years. Five-year ROI reaches 129.63% and total cumulative return in cash records $192,952. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,527/mo property income covering a $2,198/mo payment rather than investor’s personal income.
Single Family
Built in 2002
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50595, Webster City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,215 (100%) |
| Owner Occupied HU | 2,520 (59.8%) |
| Renter Occupied HU | 1,237 (29.3%) |
| Vacant Housing Units | 458 (10.9%) |
| Median Home Value | $131,392 |
| Average Home Value | $179,494 |
Housing Distribution
Address Breakdown
Residential
3,872
Single Family
3,563
Multi-Family
309
Businesses
346
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Listed by: Jill Burtnett • Neighborhood Realty
Mls Name: NoCoast MLS
Mls ID: #6331542