312 Elm AveStory CityIA50248
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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 Story City at 312 Elm Ave, Story City, IA, 50248 uses $80,886 cash to close to unlock $4,315/yr annual cash flow and $360/mo monthly cash flow. Total monthly income runs $1,944/mo, and a $1,194/mo payment keeps the spread at $360/mo. Purchase price stands at $244,000, and rental yield measures 9.56% with $1,944/mo rent. Return on cash invested shows 25.24% in year one, and 5% annual appreciation builds toward $67,413 over five years. Five-year ROI reaches 131.86% and total cumulative return in cash records $106,654. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,944/mo property income covering a $1,194/mo payment rather than investor’s personal income.
Single Family
Built in 1883
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50248, Story City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,119 (100%) |
| Owner Occupied HU | 1,434 (67.7%) |
| Renter Occupied HU | 514 (24.3%) |
| Vacant Housing Units | 171 ( 8.1%) |
| Median Home Value | $244,920 |
| Average Home Value | $312,753 |
Housing Distribution
Address Breakdown
Residential
2,008
Single Family
1,678
Multi-Family
330
Businesses
166
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Listed by: Tyler/Megan Frederiksen • Norsemen Realty Team - Friedrich Iowa Realty
Mls Name: CIBR
Mls Provider:
Mls ID: #65530
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not accurate.