300 Center StSearsboroIA50242
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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 Searsboro at 300 Center St, Searsboro, IA, 50242 generates $983/mo in rent and, after a $675/mo payment, leaves $87/mo in cash flow. Total monthly income is $983/mo, and annual cash flow is $1,046/yr on $45,747 invested. Return on cash invested sits at 22.2% in year one, and rental yield is 8.55% on a $138,000 entry. Equity gained on principal adds $890/yr, while 5% annual appreciation builds toward $38,127 over five years. Five-year ROI reaches 115.59% and total cumulative return in cash sums $52,878. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $983/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50242, Searsboro, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 196 (100%) |
| Owner Occupied HU | 134 (68.4%) |
| Renter Occupied HU | 28 (14.3%) |
| Vacant Housing Units | 34 (17.3%) |
| Median Home Value | $319,048 |
| Average Home Value | $518,228 |
Housing Distribution
Address Breakdown
Residential
173
Single Family
173
Multi-Family
0
Businesses
4
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