2406 Avenue CHawardenIA51023
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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 Hawarden at 2406 Avenue C, Hawarden, IA, 51023 offers a 8.82% rental yield on a $159,900 purchase with $1,175/mo rent. Total monthly income registers $1,175/mo, and a $783/mo payment leaves $136/mo available for distribution. Annual cash flow reaches $1,634/yr on $53,007 to close, and return on cash invested stands at 22.99% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,177 over five years. Portfolio math shows five-year ROI at 119.86% and total cumulative return in cash at $63,534. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,175/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51023, Hawarden, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,323 (100%) |
| Owner Occupied HU | 856 (64.7%) |
| Renter Occupied HU | 338 (25.5%) |
| Vacant Housing Units | 129 ( 9.8%) |
| Median Home Value | $164,333 |
| Average Home Value | $238,741 |
Housing Distribution
Address Breakdown
Residential
1,362
Single Family
1,270
Multi-Family
92
Businesses
128
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