311 N C AveWashingtonIA52353
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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 Washington at 311 N C Ave, Washington, IA, 52353 with 5% annual appreciation on a $140,000 basis while $1,331/mo rent supports operations. Total monthly income totals $1,331/mo and a $685/mo payment preserves $422/mo for cash returns. Annual cash flow comes to $5,064/yr on $46,410 deployed, and return on cash invested reaches 30.82% in year one. Equity gained on principal adds $903/yr, and five-year appreciation sums $38,679 alongside rental yield of 11.41%. Five-year ROI measures 161.75% and total cumulative return in cash totals $75,070.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,331/mo property income versus a $685/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1890
9,106 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52353, Washington, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,106 (100%) |
| Owner Occupied HU | 2,697 (65.7%) |
| Renter Occupied HU | 1,115 (27.2%) |
| Vacant Housing Units | 294 ( 7.2%) |
| Median Home Value | $173,592 |
| Average Home Value | $231,948 |
Housing Distribution
Address Breakdown
Residential
3,946
Single Family
3,655
Multi-Family
291
Businesses
429
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Listed by: Peter Schwartz • RE/MAX Affiliates
Mls Name: Iowa City Area AOR
Mls ID: #202506534