3701 240th AveBuffalo CenterIA50424
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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 Buffalo Center at 3701 240th Ave, Buffalo Center, IA, 50424 earns from $1,494/mo rent with a $1,175/mo payment. Total monthly income totals $1,494/mo. ROI tracks 18.93% on current figures, and rental yield reads 7.47% at a $240,000 purchase. Equity gained on principal adds $1,549/yr, and 5% annual appreciation supports $66,308 over five years. Five-year ROI reaches 97.95% and total cumulative return in cash sums $77,930. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,494/mo property income instead of your personal income.
Single Family
Built in 1900
3.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50424, Buffalo Center, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 698 (100%) |
| Owner Occupied HU | 492 (70.5%) |
| Renter Occupied HU | 87 (12.5%) |
| Vacant Housing Units | 119 (17.0%) |
| Median Home Value | $111,559 |
| Average Home Value | $143,786 |
Housing Distribution
Address Breakdown
Residential
499
Single Family
499
Multi-Family
0
Businesses
63
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Listed by: Ben Hauge • Home North Iowa
Mls Name: Greater Mason BOR
Mls ID: #250507