320 E Gardner StNew HamptonIA50659
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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
Rental property for sale in New Hampton at 320 E Gardner St, New Hampton, IA, 50659 generates $1,769/mo in rent and, after a $925/mo payment, leaves $542/mo in cash flow. Total monthly income is $1,769/mo, and annual cash flow is $6,499/yr on $62,654 invested. Return on cash invested sits at 30.28% in year one, and rental yield is 11.23% on a $189,000 entry. Equity gained on principal adds $1,220/yr, while 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 158.89% and total cumulative return in cash sums $99,550. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,769/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50659, New Hampton, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,449 (100%) |
| Owner Occupied HU | 1,676 (68.4%) |
| Renter Occupied HU | 537 (21.9%) |
| Vacant Housing Units | 236 ( 9.6%) |
| Median Home Value | $202,222 |
| Average Home Value | $232,090 |
Housing Distribution
Address Breakdown
Residential
2,286
Single Family
2,186
Multi-Family
100
Businesses
249
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Listed by: Noah Hopp • High Point Land Company, LLC
Mls Name: My State MLS
Mls ID: #11590182