32055 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
Rental property for sale in New Hartford at 32055 Spring Ave, New Hartford, IA, 50660 generates $1,769/mo in rent and, after a $1,172/mo payment, leaves $214/mo in cash flow. Total monthly income is $1,769/mo, and annual cash flow is $2,566/yr on $79,394 invested. Return on cash invested sits at 23.14% in year one, and rental yield is 8.86% on a $239,500 entry. Equity gained on principal adds $1,545/yr, while 5% annual appreciation builds toward $66,169 over five years. Five-year ROI reaches 120.57% and total cumulative return in cash sums $95,725. 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 1962
2.65 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: Arleen Kugler,SRES,ABR,CRS • Berkshire Hathaway Home Services One Realty Centre
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20252190