38116 Forestville RdStrawberry PointIA52076
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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 Strawberry Point at 38116 Forestville Rd, Strawberry Point, IA, 52076 listed at $399,000 pairs $1,488/mo rent with a $1,953/mo payment. Total monthly income runs $1,488/mo. Return on cash invested measures 9.9% in year one, and rental yield registers 4.48% at a $399,000 basis. Equity gained on principal adds $2,575/yr, and annual property appreciation at 5% supports $110,236 by year five. Five-year ROI tracks 49.57% and total cumulative return in cash totals $65,570. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,488/mo property income relative to a $1,953/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
1.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52076, Strawberry Point, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 965 (100%) |
| Owner Occupied HU | 659 (68.3%) |
| Renter Occupied HU | 207 (21.5%) |
| Vacant Housing Units | 99 (10.3%) |
| Median Home Value | $164,219 |
| Average Home Value | $210,015 |
Housing Distribution
Address Breakdown
Residential
670
Single Family
635
Multi-Family
35
Businesses
73
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Nearby investment properties with comparable prices
Listed by: Carol A Thomas-Schlee • Century 21 Signature Real Estate - Oelwein
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20260150