340 4th St SEPrimgharIA51245
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 Primghar at 340 4th St SE, Primghar, IA, 51245 offers $1,735/mo rent that, after a $724/mo payment, leaves $774/mo cash flow. Total monthly income is $1,735/mo, and annual cash flow is $9,290/yr on $49,062 cash. Return on cash invested measures 38.85% in year one, and rental yield stands at 14.07% at a $148,000 entry. Equity gained on principal adds $955/yr while 5% annual appreciation compounds into $40,890 by year five. Five-year ROI records 204.9% and total cumulative return in cash reaches $100,526. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,735/mo property income versus a $724/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51245, Primghar, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 634 (100%) |
| Owner Occupied HU | 447 (70.5%) |
| Renter Occupied HU | 116 (18.3%) |
| Vacant Housing Units | 71 (11.2%) |
| Median Home Value | $174,202 |
| Average Home Value | $215,738 |
Housing Distribution
Address Breakdown
Residential
415
Single Family
415
Multi-Family
0
Businesses
72
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Listed by: Dean Fjeld • Northwest Realty
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #828588
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.