309 S 1st StFontanelleIA50846
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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 Fontanelle at 309 S 1st St, Fontanelle, IA, 50846 offers a 3.68% rental yield on a $235,000 purchase with $720/mo rent. 49% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,926 over five years. Portfolio math shows five-year ROI at 36.64% and total cumulative return in cash at $28,540. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $720/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50846, Fontanelle, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 548 (100%) |
| Owner Occupied HU | 403 (73.5%) |
| Renter Occupied HU | 76 (13.9%) |
| Vacant Housing Units | 69 (12.6%) |
| Median Home Value | $123,904 |
| Average Home Value | $221,904 |
Housing Distribution
Address Breakdown
Residential
335
Single Family
323
Multi-Family
12
Businesses
21
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Listed by: Ryan Frederick • Frederick Real Estate Services
Mls Name: NoCoast MLS
Mls ID: #6332085