304 Franklin StRemsenIA51050
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Nearby investment properties with comparable prices
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 Remsen at 304 Franklin St, Remsen, IA, 51050 offers $2,495/mo rent that, after a $1,370/mo payment, leaves $677/mo cash flow. Total monthly income is $2,495/mo, and annual cash flow is $8,124/yr on $92,820 cash. Return on cash invested measures 28.66% in year one, and rental yield stands at 10.69% at a $280,000 entry. Equity gained on principal adds $1,807/yr while 5% annual appreciation compounds into $77,359 by year five. Five-year ROI records 150.16% and total cumulative return in cash reaches $139,377. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,495/mo property income versus a $1,370/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
9,240 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51050, Remsen, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,091 (100%) |
| Owner Occupied HU | 838 (76.8%) |
| Renter Occupied HU | 180 (16.5%) |
| Vacant Housing Units | 73 ( 6.7%) |
| Median Home Value | $263,793 |
| Average Home Value | $334,406 |
Housing Distribution
Address Breakdown
Residential
725
Single Family
702
Multi-Family
23
Businesses
71
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Listed by: Misty J Szczech • Exit Realty Midwest - LeMars
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #824446
Disclaimer: Information being provided is for consumers' personal, non-commercial use and 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.