305 2nd Ave SHospersIA51238
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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
Total monthly income runs $1,426/mo, and a $1,314/mo payment. Purchase price stands at $268,500, and rental yield measures 6.37% with $1,426/mo rent. Return on cash invested shows 15.63% in year one, and 5% annual appreciation builds toward $74,182 over five years. Five-year ROI reaches 80.31% and total cumulative return in cash records $71,482. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,426/mo property income covering a $1,314/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51238, Hospers, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 480 (100%) |
| Owner Occupied HU | 394 (82.1%) |
| Renter Occupied HU | 56 (11.7%) |
| Vacant Housing Units | 30 ( 6.2%) |
| Median Home Value | $210,000 |
| Average Home Value | $277,608 |
Housing Distribution
Address Breakdown
Residential
240
Single Family
229
Multi-Family
11
Businesses
34
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Listed by: Adam Doughan • Real Broker, LLC
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #829298
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.