31681 Spring AveNew HartfordIA50660
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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
Total monthly income runs $2,028/mo, and a $2,936/mo payment. Purchase price stands at $599,900, and rental yield measures 4.06% with $2,028/mo rent. Return on cash invested shows 8.7% in year one, and 5% annual appreciation builds toward $165,741 over five years. Five-year ROI reaches 43.13% and total cumulative return in cash records $85,132. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,028/mo property income covering a $2,936/mo payment rather than investor’s personal income.
Single Family
Built in 2000
9.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50660, New Hartford, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 562 (100%) |
| Owner Occupied HU | 430 (76.5%) |
| Renter Occupied HU | 96 (17.1%) |
| Vacant Housing Units | 36 ( 6.4%) |
| Median Home Value | $226,087 |
| Average Home Value | $246,872 |
Housing Distribution
Address Breakdown
Residential
363
Single Family
363
Multi-Family
0
Businesses
18
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Listed by: Bethany Benner • Oakridge Real Estate
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20260311