321 3rd St SCoggonIA52218
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Coggon at 321 3rd St S, Coggon, IA, 52218 offers a 10.49% rental yield on a $149,900 purchase with $1,310/mo rent. Total monthly income registers $1,310/mo, and a $734/mo payment leaves $336/mo available for distribution. Annual cash flow reaches $4,034/yr on $49,692 to close, and return on cash invested stands at 28.03% in year one. Equity gained on principal adds $967/yr while 5% annual appreciation supports $41,415 over five years. Portfolio math shows five-year ROI at 146.85% and total cumulative return in cash at $72,971. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,310/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1880
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52218, Coggon, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 800 (100%) |
| Owner Occupied HU | 614 (76.7%) |
| Renter Occupied HU | 110 (13.7%) |
| Vacant Housing Units | 76 ( 9.5%) |
| Median Home Value | $252,885 |
| Average Home Value | $355,464 |
Housing Distribution
Address Breakdown
Residential
556
Single Family
548
Multi-Family
8
Businesses
25
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