387 2nd Ave SEBrittIA50423
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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 Britt at 387 2nd Ave SE, Britt, IA, 50423 offers a 9.55% rental yield on a $144,000 purchase with $1,146/mo rent. Total monthly income registers $1,146/mo, and a $705/mo payment leaves $211/mo available for distribution. Annual cash flow reaches $2,527/yr on $47,736 to close, and return on cash invested stands at 25.2% in year one. Equity gained on principal adds $929/yr while 5% annual appreciation supports $39,785 over five years. Portfolio math shows five-year ROI at 131.69% and total cumulative return in cash at $62,862. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,146/mo property income against a $705/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50423, Britt, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,331 (100%) |
| Owner Occupied HU | 895 (67.2%) |
| Renter Occupied HU | 268 (20.1%) |
| Vacant Housing Units | 168 (12.6%) |
| Median Home Value | $126,103 |
| Average Home Value | $168,517 |
Housing Distribution
Address Breakdown
Residential
1,209
Single Family
1,137
Multi-Family
72
Businesses
115
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Listed by: Renee Diemer • Diemer Realty
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6328227
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.