306 E Prospect StNew HamptonIA50659
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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 Hampton at 306 E Prospect St, New Hampton, IA, 50659 offers a 7.49% rental yield on a $229,900 purchase with $1,435/mo rent. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,517 over five years. Portfolio math shows five-year ROI at 98.41% and total cumulative return in cash at $74,999. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,435/mo property income against a $1,125/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1915
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50659, New Hampton, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,449 (100%) |
| Owner Occupied HU | 1,676 (68.4%) |
| Renter Occupied HU | 537 (21.9%) |
| Vacant Housing Units | 236 ( 9.6%) |
| Median Home Value | $202,222 |
| Average Home Value | $232,090 |
Housing Distribution
Address Breakdown
Residential
2,286
Single Family
2,186
Multi-Family
100
Businesses
249
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Listed by: Melody King • Cedar Valley Property Solutions-New Hampton
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20255856