3070 & 3080 130th StRenwickIA50577
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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 Renwick at 3070 & 3080 130th St, Renwick, IA, 50577 offers a 8.08% rental yield on a $325,000 purchase with $2,188/mo rent. Total monthly income registers $2,188/mo, and a $1,591/mo payment leaves $77/mo available for distribution. Annual cash flow reaches $924/yr on $107,738 to close, and return on cash invested stands at 20.77% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,792 over five years. Portfolio math shows five-year ROI at 107.84% and total cumulative return in cash at $116,185. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,188/mo property income against a $1,591/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
7 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50577, Renwick, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 218 (100%) |
| Owner Occupied HU | 164 (75.2%) |
| Renter Occupied HU | 25 (11.5%) |
| Vacant Housing Units | 29 (13.3%) |
| Median Home Value | $204,688 |
| Average Home Value | $207,851 |
Housing Distribution
Address Breakdown
Residential
141
Single Family
141
Multi-Family
0
Businesses
15
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Listed by: Judy Oberhelman • Smith Real Estate
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6325318
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.