307 3rd StArmstrongIA50514
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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 Armstrong at 307 3rd St, Armstrong, IA, 50514 priced at $153,000 converts $0/mo rent into after a $749/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -3.6% in year one, and rental yield reads 0% against a $153,000 entry. Equity gained on principal adds $987/yr, while 5% annual appreciation compiles into $42,271 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $749/mo payment, not borrower’s personal income.
Single Family
Built in 1956
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50514, Armstrong, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 667 (100%) |
| Owner Occupied HU | 458 (68.7%) |
| Renter Occupied HU | 123 (18.4%) |
| Vacant Housing Units | 86 (12.9%) |
| Median Home Value | $125,714 |
| Average Home Value | $174,203 |
Housing Distribution
Address Breakdown
Residential
486
Single Family
486
Multi-Family
0
Businesses
45
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Erica Schultes • EXIT Realty Midwest
Mls Name: Iowa Great Lakes BOR
Mls Provider:
Mls ID: #240885
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