305 Main StNew VirginiaIA50210
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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 New Virginia at 305 Main St, New Virginia, IA, 50210 uses $107,738 cash to close to unlock $1,224/yr annual cash flow and $102/mo monthly cash flow. Total monthly income runs $2,213/mo, and a $1,591/mo payment keeps the spread at $102/mo. Purchase price stands at $325,000, and rental yield measures 8.17% with $2,213/mo rent. Return on cash invested shows 21.05% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 109.32% and total cumulative return in cash records $117,781. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,213/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Single Family
Built in 1898
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50210, New Virginia, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 832 (100%) |
| Owner Occupied HU | 708 (85.1%) |
| Renter Occupied HU | 73 ( 8.8%) |
| Vacant Housing Units | 51 ( 6.1%) |
| Median Home Value | $348,630 |
| Average Home Value | $398,302 |
Housing Distribution
Address Breakdown
Residential
617
Single Family
617
Multi-Family
0
Businesses
29
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Listed by: Roger Queck • Pro Team Realty
Mls Name: DMMLS
Mls ID: #733125