311 Main StNicholsIA52766
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Nichols at 311 Main St, Nichols, IA, 52766 with 5% annual appreciation on a $259,000 basis while $1,870/mo rent supports operations. Total monthly income totals $1,870/mo and a $1,268/mo payment preserves $188/mo for cash returns. Annual cash flow comes to $2,251/yr on $85,859 deployed, and return on cash invested reaches 22.53% in year one. Equity gained on principal adds $1,671/yr, and five-year appreciation sums $71,557 alongside rental yield of 8.66%. Five-year ROI measures 117.31% and total cumulative return in cash totals $100,720.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,870/mo property income versus a $1,268/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2005
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52766, Nichols, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 324 (100%) |
| Owner Occupied HU | 238 (73.5%) |
| Renter Occupied HU | 61 (18.8%) |
| Vacant Housing Units | 25 ( 7.7%) |
| Median Home Value | $238,462 |
| Average Home Value | $354,275 |
Housing Distribution
Address Breakdown
Residential
210
Single Family
210
Multi-Family
0
Businesses
17
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices