280 N Welch AvePrimgharIA51245
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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
Rental property for sale in Primghar at 280 N Welch Ave, Primghar, IA, 51245 priced at $299,000 converts $1,460/mo rent into after a $1,463/mo obligation. Total monthly income equals $1,460/mo. Return on cash invested prints 14.08% in year one, and rental yield reads 5.86% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 72% and total cumulative return in cash sums $71,362. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,460/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 2024
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51245, Primghar, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 634 (100%) |
| Owner Occupied HU | 447 (70.5%) |
| Renter Occupied HU | 116 (18.3%) |
| Vacant Housing Units | 71 (11.2%) |
| Median Home Value | $174,202 |
| Average Home Value | $215,738 |
Housing Distribution
Address Breakdown
Residential
415
Single Family
415
Multi-Family
0
Businesses
72
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Listed by: Corey Elgersma • ISB Services Inc
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #824319
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.