303 S 3rd StMallardIA50562
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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 Mallard at 303 S 3rd St, Mallard, IA, 50562 generates $0/mo in rent, after a $722/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -3.6% in year one, and rental yield is 0% on a $147,500 entry. Equity gained on principal adds $952/yr, while 5% annual appreciation builds toward $40,752 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 1917
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50562, Mallard, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 244 (100%) |
| Owner Occupied HU | 160 (65.6%) |
| Renter Occupied HU | 46 (18.9%) |
| Vacant Housing Units | 38 (15.6%) |
| Median Home Value | $168,182 |
| Average Home Value | $229,953 |
Housing Distribution
Address Breakdown
Residential
196
Single Family
196
Multi-Family
0
Businesses
14
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No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Dana Reinders • EXIT Realty Midwest- Spencer/Emmetsburg
Mls Name: Iowa Great Lakes BOR
Mls Provider:
Mls ID: #250403
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