306 S Washington StNew 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 306 S Washington St, New Sharon, IA, 50207 offers a 0% rental yield on a $229,000 purchase with $0/mo rent. 6% in year one. Equity gained on principal adds $1,478/yr while 5% annual appreciation supports $63,268 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $1,121/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
7,405 sqft 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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No similar rental properties found nearby.
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Listed by: Amy J McGriff • McGriff Realty
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6328349
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