303 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 303 E South St, New Sharon, IA, 50207 generates $1,114/mo in rent and, after a $624/mo payment, leaves $286/mo in cash flow. Total monthly income is $1,114/mo, and annual cash flow is $3,432/yr on $42,266 invested. Return on cash invested sits at 28.03% in year one, and rental yield is 10.48% on a $127,500 entry. Equity gained on principal adds $823/yr, while 5% annual appreciation builds toward $35,226 over five years. Five-year ROI reaches 146.75% and total cumulative return in cash sums $62,026. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,114/mo property income rather than buyer’s personal income.
Single Family
Built in 1987
7,405 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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Listed by: Amy Mcgriff • McGriff Realty
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6321463
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.