302 E Main StCalmarIA52132
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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 Calmar at 302 E Main St, Calmar, IA, 52132 with 5% annual appreciation on a $345,000 basis while $3,350/mo rent supports operations. Total monthly income totals $3,350/mo and a $1,689/mo payment preserves $1,109/mo for cash returns. Annual cash flow comes to $13,308/yr on $114,368 deployed, and return on cash invested reaches 31.55% in year one. Equity gained on principal adds $2,226/yr, and five-year appreciation sums $95,317 alongside rental yield of 11.65%. Five-year ROI measures 165.63% and total cumulative return in cash totals $189,424.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,350/mo property income versus a $1,689/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1941
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52132, Calmar, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 942 (100%) |
| Owner Occupied HU | 626 (66.5%) |
| Renter Occupied HU | 220 (23.4%) |
| Vacant Housing Units | 96 (10.2%) |
| Median Home Value | $237,222 |
| Average Home Value | $278,247 |
Housing Distribution
Address Breakdown
Residential
435
Single Family
413
Multi-Family
22
Businesses
35
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