2500 Avenue BHawardenIA51023
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 Hawarden at 2500 Avenue B, Hawarden, IA, 51023 priced at $389,000 converts $2,975/mo rent into $449/mo cash flow after a $1,904/mo obligation. Total monthly income equals $2,975/mo, and annual cash flow totals $5,383/yr on $128,954 invested. Return on cash invested prints 24.08% in year one, and rental yield reads 9.18% against a $389,000 entry. Equity gained on principal adds $2,510/yr, while 5% annual appreciation compiles into $107,474 by year five. Five-year ROI reaches 125.63% and total cumulative return in cash sums $162,006. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,975/mo property income covering a $1,904/mo payment, not borrower’s personal income.
Single Family
Built in 2021
0.63 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Austin Fuller • Century 21 ProLink
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #827013
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.