315 E Congress StNora SpringsIA50458
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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 Nora Springs at 315 E Congress St, Nora Springs, IA, 50458 at $209,000 posts ROI 19.9% with from $1,357/mo rent. Total monthly income equals $1,357/mo. Return on cash invested measures 19.9% and rental yield reads 7.79% at the current $209,000. Equity gained on principal adds $1,349/yr, and 5% annual appreciation supports $57,743 by year five. Five-year ROI prints 103.23% and total cumulative return in cash totals $71,522. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,357/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1956
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50458, Nora Springs, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 844 (100%) |
| Owner Occupied HU | 669 (79.3%) |
| Renter Occupied HU | 112 (13.3%) |
| Vacant Housing Units | 63 ( 7.5%) |
| Median Home Value | $187,868 |
| Average Home Value | $257,474 |
Housing Distribution
Address Breakdown
Residential
588
Single Family
580
Multi-Family
8
Businesses
51
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Listed by: BEN HAUGE • Home North Iowa
Mls Name: Greater Mason BOR
Mls ID: #250772