317 3rd Ave SWWorthingtonIA52078
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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 Worthington at 317 3rd Ave SW, Worthington, IA, 52078 uses $66,300 cash to close to unlock $2,904/yr annual cash flow and $242/mo monthly cash flow. Total monthly income runs $1,541/mo, and a $979/mo payment keeps the spread at $242/mo. Purchase price stands at $200,000, and rental yield measures 9.25% with $1,541/mo rent. Return on cash invested shows 24.29% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 126.73% and total cumulative return in cash records $84,020. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,541/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1982
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52078, Worthington, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 340 (100%) |
| Owner Occupied HU | 285 (83.8%) |
| Renter Occupied HU | 34 ( 10.0%) |
| Vacant Housing Units | 21 ( 6.2%) |
| Median Home Value | $345,238 |
| Average Home Value | $453,482 |
Housing Distribution
Address Breakdown
Residential
292
Single Family
292
Multi-Family
0
Businesses
18
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Listed by: Valerie Kieler • Remax Advantage
Mls Name: East Central Iowa AOR
Mls Provider:
Mls ID: #152107
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.