306 K StBaxterIA50028
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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
Rental property for sale in Baxter at 306 K St, Baxter, IA, 50028 priced at $189,900 converts $1,181/mo rent into after a $929/mo obligation. Total monthly income equals $1,181/mo. Return on cash invested prints 18.92% in year one, and rental yield reads 7.46% against a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation compiles into $52,466 by year five. Five-year ROI reaches 97.99% and total cumulative return in cash sums $61,685. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,181/mo property income covering a $929/mo payment, not borrower’s personal income.
Single Family
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50028, Baxter, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 674 (100%) |
| Owner Occupied HU | 499 (74.0%) |
| Renter Occupied HU | 125 (18.5%) |
| Vacant Housing Units | 50 ( 7.4%) |
| Median Home Value | $229,237 |
| Average Home Value | $297,094 |
Housing Distribution
Address Breakdown
Residential
297
Single Family
297
Multi-Family
0
Businesses
56
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Listed by: Liz Warner • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #713539
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.