400 N 4th StThorntonIA50479
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Thornton at 400 N 4th St, Thornton, IA, 50479 uses $87,516 cash to close to unlock $9,583/yr annual cash flow and $799/mo monthly cash flow. Total monthly income runs $2,513/mo, and a $1,292/mo payment keeps the spread at $799/mo. Purchase price stands at $264,000, and rental yield measures 11.42% with $2,513/mo rent. Return on cash invested shows 30.86% in year one, and 5% annual appreciation builds toward $72,938 over five years. Five-year ROI reaches 161.98% and total cumulative return in cash records $141,757. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,513/mo property income covering a $1,292/mo payment rather than investor’s personal income.
Single Family
Built in 1924
8,556 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50479, Thornton, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 325 (100%) |
| Owner Occupied HU | 235 (72.3%) |
| Renter Occupied HU | 53 (16.3%) |
| Vacant Housing Units | 37 (11.4%) |
| Median Home Value | $169,922 |
| Average Home Value | $330,064 |
Housing Distribution
Address Breakdown
Residential
213
Single Family
213
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices