302 Walnut StOlinIA52320
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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 Olin at 302 Walnut St, Olin, IA, 52320 offers a 7.07% rental yield on a $258,000 purchase with $1,519/mo rent. 71% in year one. Equity gained on principal adds $1,665/yr while 5% annual appreciation supports $71,281 over five years. Portfolio math shows five-year ROI at 91.48% and total cumulative return in cash at $78,242. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,519/mo property income against a $1,263/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52320, Olin, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 507 (100%) |
| Owner Occupied HU | 349 (68.8%) |
| Renter Occupied HU | 90 (17.8%) |
| Vacant Housing Units | 68 (13.4%) |
| Median Home Value | $148,986 |
| Average Home Value | $204,742 |
Housing Distribution
Address Breakdown
Residential
341
Single Family
341
Multi-Family
0
Businesses
28
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