305 N Park AveNew SharonIA50207
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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 Sharon at 305 N Park Ave, New Sharon, IA, 50207 uses $79,229 cash to close to unlock $2,539/yr annual cash flow and $212/mo monthly cash flow. Total monthly income runs $1,764/mo, and a $1,170/mo payment keeps the spread at $212/mo. Purchase price stands at $239,000, and rental yield measures 8.86% with $1,764/mo rent. Return on cash invested shows 23.11% in year one, and 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 120.46% and total cumulative return in cash records $95,436. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,764/mo property income covering a $1,170/mo payment rather than investor’s personal income.
Single Family
Built in 1991
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50207, New Sharon, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,045 (100%) |
| Owner Occupied HU | 732 (70.0%) |
| Renter Occupied HU | 206 (19.7%) |
| Vacant Housing Units | 107 (10.2%) |
| Median Home Value | $230,159 |
| Average Home Value | $291,499 |
Housing Distribution
Address Breakdown
Residential
719
Single Family
684
Multi-Family
35
Businesses
64
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Listed by: Connie Durr • Patriot Realty
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6322898
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.