305 8th St NNorthwoodIA50459
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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 Northwood at 305 8th St N, Northwood, IA, 50459 uses $104,423 cash to close to unlock $1,824/yr annual cash flow and $152/mo monthly cash flow. Total monthly income runs $2,198/mo, and a $1,542/mo payment keeps the spread at $152/mo. Purchase price stands at $315,000, and rental yield measures 8.37% with $2,198/mo rent. Return on cash invested shows 21.66% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 112.6% and total cumulative return in cash records $117,581. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,198/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Single Family
Built in 1903
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50459, Northwood, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,430 (100%) |
| Owner Occupied HU | 1,017 (71.1%) |
| Renter Occupied HU | 280 (19.6%) |
| Vacant Housing Units | 133 ( 9.3%) |
| Median Home Value | $164,982 |
| Average Home Value | $208,373 |
Housing Distribution
Address Breakdown
Residential
1,321
Single Family
1,217
Multi-Family
104
Businesses
135
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