312 Elm StCorrectionvilleIA51016
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 Correctionville at 312 Elm St, Correctionville, IA, 51016 offers a 9.12% rental yield on a $146,400 purchase with $1,113/mo rent. Total monthly income registers $1,113/mo, and a $717/mo payment leaves $162/mo available for distribution. Annual cash flow reaches $1,941/yr on $48,532 to close, and return on cash invested stands at 23.91% in year one. Equity gained on principal adds $945/yr while 5% annual appreciation supports $40,448 over five years. Portfolio math shows five-year ROI at 124.7% and total cumulative return in cash at $60,520. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,113/mo property income against a $717/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51016, Correctionville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 615 (100%) |
| Owner Occupied HU | 454 (73.8%) |
| Renter Occupied HU | 85 (13.8%) |
| Vacant Housing Units | 76 (12.4%) |
| Median Home Value | $185,465 |
| Average Home Value | $239,372 |
Housing Distribution
Address Breakdown
Residential
405
Single Family
399
Multi-Family
6
Businesses
37
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Vanessa Lefler-Larned • Keller Williams Siouxland
Mls Name: Northwest Iowa Regional BOR
Mls ID: #830595