320 Webster StMerrillIA51038
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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 Merrill at 320 Webster St, Merrill, IA, 51038 priced at $135,500 pairs $1,196/mo rent with $316/mo cash flow after a $663/mo payment. Total monthly income equals $1,196/mo, and annual cash flow comes to $3,794/yr on $44,918 invested. Return on cash invested is 28.36% in year one, and rental yield stands at 10.59% on a $135,500 basis. Equity gained on principal adds $874/yr, and 5% annual appreciation accumulates to $37,436 by year five. Five-year ROI measures 148.62% and total cumulative return in cash reaches $66,758. For financing, Ziffy Mortgage’s DSCR program evaluates $1,196/mo property income against a $663/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51038, Merrill, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 603 (100%) |
| Owner Occupied HU | 480 (79.6%) |
| Renter Occupied HU | 82 (13.6%) |
| Vacant Housing Units | 41 ( 6.8%) |
| Median Home Value | $234,848 |
| Average Home Value | $296,286 |
Housing Distribution
Address Breakdown
Residential
394
Single Family
394
Multi-Family
0
Businesses
37
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