324 S Washington AveEagle GroveIA50533
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
Rental property for sale in Eagle Grove at 324 S Washington Ave, Eagle Grove, IA, 50533 priced at $245,000 converts $720/mo rent into after a $1,199/mo obligation. Total monthly income equals $720/mo. Return on cash invested prints 7.04% in year one, and rental yield reads 3.53% against a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation compiles into $67,689 by year five. Five-year ROI reaches 34.2% and total cumulative return in cash sums $27,780. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $720/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Multi Family
Built in 1997
0.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50533, Eagle Grove, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,784 (100%) |
| Owner Occupied HU | 1,055 (59.1%) |
| Renter Occupied HU | 562 (31.5%) |
| Vacant Housing Units | 167 ( 9.4%) |
| Median Home Value | $107,788 |
| Average Home Value | $130,524 |
Housing Distribution
Address Breakdown
Residential
1,657
Single Family
1,628
Multi-Family
29
Businesses
143
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Ryerson • Ryerson Realty LLC
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6326132
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.