340 S Walnut AveNew HamptonIA50659
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 New Hampton at 340 S Walnut Ave, New Hampton, IA, 50659 priced at $142,900 pairs $1,066/mo rent with $138/mo cash flow after a $699/mo payment. Total monthly income equals $1,066/mo, and annual cash flow comes to $1,660/yr on $47,371 invested. Return on cash invested is 23.41% in year one, and rental yield stands at 8.95% on a $142,900 basis. Equity gained on principal adds $922/yr, and 5% annual appreciation accumulates to $39,481 by year five. Five-year ROI measures 122.09% and total cumulative return in cash reaches $57,837. For financing, Ziffy Mortgage’s DSCR program evaluates $1,066/mo property income against a $699/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1943
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50659, New Hampton, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,449 (100%) |
| Owner Occupied HU | 1,676 (68.4%) |
| Renter Occupied HU | 537 (21.9%) |
| Vacant Housing Units | 236 ( 9.6%) |
| Median Home Value | $202,222 |
| Average Home Value | $232,090 |
Housing Distribution
Address Breakdown
Residential
2,286
Single Family
2,186
Multi-Family
100
Businesses
249
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melody King • Cedar Valley Property Solutions-New Hampton
Mls Name: Northeast Iowa Regional BOR
Mls Provider:
Mls ID: #20253240
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Based on information submitted to the MLS GRID as of 2025-10-13 03:12:11 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.