Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Wellman at 303 4th St, Wellman, IA, 52356 offers a 9.41% rental yield on a $225,000 purchase with $1,765/mo rent. Total monthly income registers $1,765/mo, and a $1,101/mo payment leaves $304/mo available for distribution. Annual cash flow reaches $3,648/yr on $74,588 to close, and return on cash invested stands at 24.8% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 129.46% and total cumulative return in cash at $96,561. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,765/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52356, Wellman, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,137 (100%) |
| Owner Occupied HU | 847 (74.5%) |
| Renter Occupied HU | 192 (16.9%) |
| Vacant Housing Units | 98 ( 8.6%) |
| Median Home Value | $230,340 |
| Average Home Value | $276,331 |
Residential
905
Single Family
881
Multi-Family
24
Businesses
72
Date | Event | Price |
|---|---|---|
| 2025-05-16 | Sold | $225,000 |
| 2025-04-08 | Pending sale | $229,900 |
| 2025-04-03 | Listed for sale | $229,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-21 | $2568.00 | 11.46% | $169,900 | N/A |
| 2023-10-21 | $2304.00 | 20.75% | $169,900 | 34.10% |
| 2022-10-21 | $1908.00 | 6.71% | $126,700 | 17.10% |
Listed by: Cory Rath • Keller Williams Advantage
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202502196
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it 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 accurate by the MLS.
