3898 Highway 63MalcomIA50157
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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 Malcom at 3898 Highway 63, Malcom, IA, 50157 offers a 5.94% rental yield on a $567,500 purchase with $2,808/mo rent. 42% in year one. Equity gained on principal adds $3,662/yr while 5% annual appreciation supports $156,790 over five years. Portfolio math shows five-year ROI at 73.75% and total cumulative return in cash at $137,696. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,808/mo property income against a $2,778/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1989
5.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50157, Malcom, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 309 (100%) |
| Owner Occupied HU | 233 (75.4%) |
| Renter Occupied HU | 53 (17.2%) |
| Vacant Housing Units | 23 ( 7.4%) |
| Median Home Value | $221,711 |
| Average Home Value | $301,180 |
Housing Distribution
Address Breakdown
Residential
255
Single Family
255
Multi-Family
0
Businesses
19
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Listed by: Robin Marcinik • Grinnell Realty LLC
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6320428
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.