2741 Old Highway 141HornickIA51026
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
Investment property for sale in Hornick at 2741 Old Highway 141, Hornick, IA, 51026 offers a 5.76% rental yield on a $375,000 purchase with $1,799/mo rent. 77% in year one. Equity gained on principal adds $2,420/yr while 5% annual appreciation supports $103,606 over five years. Portfolio math shows five-year ROI at 70.31% and total cumulative return in cash at $87,399. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,799/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1904
2.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51026, Hornick, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 374 (100%) |
| Owner Occupied HU | 280 (74.9%) |
| Renter Occupied HU | 51 (13.6%) |
| Vacant Housing Units | 43 (11.5%) |
| Median Home Value | $328,571 |
| Average Home Value | $396,732 |
Housing Distribution
Address Breakdown
Residential
216
Single Family
216
Multi-Family
0
Businesses
10
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Victoria Kollbaum • NextHome Tri State Realty
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #827941
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.