3525 Needham AveWall LakeIA51466
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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
Investment property for sale in Wall Lake at 3525 Needham Ave, Wall Lake, IA, 51466 at $230,000 posts ROI 26.93% with $446/mo cash flow from $1,940/mo rent. Total monthly income equals $1,940/mo, and annual cash flow records $5,352/yr on $76,245 to close. Return on cash invested measures 26.93% and rental yield reads 10.12% at the current $230,000. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,545 by year five. Five-year ROI prints 140.87% and total cumulative return in cash totals $107,407.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,940/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51466, Wall Lake, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 504 (100%) |
| Owner Occupied HU | 375 (74.4%) |
| Renter Occupied HU | 85 (16.9%) |
| Vacant Housing Units | 44 ( 8.7%) |
| Median Home Value | $206,169 |
| Average Home Value | $237,047 |
Housing Distribution
Address Breakdown
Residential
222
Single Family
222
Multi-Family
0
Businesses
43
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