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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in State Center at 307 2nd Ave SW, State Center, IA, 50247 offers $0/mo rent that, after a $489/mo payment. Total monthly income is $0/mo. Return on cash invested measures -4.39% in year one, and rental yield stands at 0% at a $100,000 entry. Equity gained on principal adds $645/yr while 5% annual appreciation compounds into $27,628 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $0/mo property income versus a $489/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50247, State Center, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 987 (100%) |
| Owner Occupied HU | 719 (72.8%) |
| Renter Occupied HU | 188 (19.0%) |
| Vacant Housing Units | 80 ( 8.1%) |
| Median Home Value | $202,966 |
| Average Home Value | $249,979 |
Residential
628
Single Family
591
Multi-Family
37
Businesses
61
Date | Event | Price |
|---|---|---|
| 2025-04-03 | Listed for sale | $100,000 |
| 2022-09-20 | Listing removed | N/A |
| 2022-08-15 | Price change | $80,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-07 | $1786.08 | 27.43% | $114,920 | N/A |
| 2023-04-07 | $1401.58 | 2.38% | $114,920 | 52.11% |
| 2022-04-07 | $1368.99 | 10.38% | $75,550 | N/A |
No similar rental properties found nearby.
No similar price properties found nearby.
Listed by: Tim Scheib • RE/MAX Precision
Mls Name: DMMLS
Mls Provider:
Mls ID: #714880
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.
