304 3rd StSearsboroIA50242
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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 Searsboro at 304 3rd St, Searsboro, IA, 50242 listed at $235,000 pairs $0/mo rent with a $1,150/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -3.6% in year one, and rental yield registers 0% at a $235,000 basis. Equity gained on principal adds $1,516/yr, and annual property appreciation at 5% supports $64,926 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $1,150/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50242, Searsboro, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 196 (100%) |
| Owner Occupied HU | 134 (68.4%) |
| Renter Occupied HU | 28 (14.3%) |
| Vacant Housing Units | 34 (17.3%) |
| Median Home Value | $319,048 |
| Average Home Value | $518,228 |
Housing Distribution
Address Breakdown
Residential
173
Single Family
173
Multi-Family
0
Businesses
4
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