307 8th Ave, Hiawatha, IA, 52233 | $576/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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307 8th Ave, Hiawatha, IA, 52233 | $576/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Hiawatha at 307 8th Ave, Hiawatha, IA, 52233 uses $64,609 cash to close to unlock $6,914/yr annual cash flow and $576/mo monthly cash flow. Total monthly income runs $1,842/mo, and a $954/mo payment keeps the spread at $576/mo. Purchase price stands at $194,900, and rental yield measures 11.34% with $1,842/mo rent. Return on cash invested shows 30.61% in year one, and 5% annual appreciation builds toward $53,847 over five years. Five-year ROI reaches 160.68% and total cumulative return in cash records $103,815. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,842/mo property income covering a $954/mo payment rather than investor’s personal income.

Single Family

Built in 1958

8,712 Acres lot

$N/A/sqft

No HOA

More details about the property

This move-in ready split-level is located in a family-friendly neighborhood, on a quiet street, close to Shopping, schools, park, and interstate access. The main level has luxury vinyl plank floors and a vaulted ceiling. The kitchen features luxury vinyl plank floors, laminate counters, and a pantry. Appliances stay with the home. The primary bedroom is located on the upper level and features carpet floors. The Upper level includes 3 bedrooms and a full bath. The partially finished lower level features a fireplace, full bath, and laundry room. Outside you'll find a treated wood deck and a large back yard with chain link fence. Call today for a private showing! Property Improvements: - Carpet - 2023 - Vinyl Plank Flooring - 2022 - Deck - 2020

Neighborhood Data

Neighborhood data shown for ZIP Code: 52233, Hiawatha, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,235 (100%)
Owner Occupied HU	1,934 (59.8%)
Renter Occupied HU	1,107 (34.2%)
Vacant Housing Units	194 ( 6.0%)
Median Home Value	$226,802
Average Home Value	$227,545