311 2nd AveAudubonIA50025
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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 Audubon at 311 2nd Ave, Audubon, IA, 50025 priced at $350,000 converts $1,183/mo rent into after a $1,713/mo obligation. Total monthly income equals $1,183/mo. Return on cash invested prints 8.64% in year one, and rental yield reads 4.06% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 42.78% and total cumulative return in cash sums $49,634. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,183/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1918
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50025, Audubon, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,535 (100%) |
| Owner Occupied HU | 1,088 (70.9%) |
| Renter Occupied HU | 264 (17.2%) |
| Vacant Housing Units | 183 (11.9%) |
| Median Home Value | $134,211 |
| Average Home Value | $237,137 |
Housing Distribution
Address Breakdown
Residential
1,366
Single Family
1,354
Multi-Family
12
Businesses
155
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