302 E South StNew SharonIA50207
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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 New Sharon at 302 E South St, New Sharon, IA, 50207 priced at $115,000 pairs $905/mo rent with $158/mo cash flow after a $563/mo payment. Total monthly income equals $905/mo, and annual cash flow comes to $1,896/yr on $38,123 invested. Return on cash invested is 24.88% in year one, and rental yield stands at 9.44% on a $115,000 basis. Equity gained on principal adds $742/yr, and 5% annual appreciation accumulates to $31,772 by year five. Five-year ROI measures 129.9% and total cumulative return in cash reaches $49,521. For financing, Ziffy Mortgage’s DSCR program evaluates $905/mo property income against a $563/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1957
9,900 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50207, New Sharon, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,045 (100%) |
| Owner Occupied HU | 732 (70.0%) |
| Renter Occupied HU | 206 (19.7%) |
| Vacant Housing Units | 107 (10.2%) |
| Median Home Value | $230,159 |
| Average Home Value | $291,499 |
Housing Distribution
Address Breakdown
Residential
719
Single Family
684
Multi-Family
35
Businesses
64
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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