401 Buffalo AveHastingsIA51540
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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 Hastings at 401 Buffalo Ave, Hastings, IA, 51540 uses $97,627 cash to close to unlock $5,938/yr annual cash flow and $495/mo monthly cash flow. Total monthly income runs $2,407/mo, and a $1,441/mo payment keeps the spread at $495/mo. Purchase price stands at $294,500, and rental yield measures 9.81% with $2,407/mo rent. Return on cash invested shows 25.99% in year one, and 5% annual appreciation builds toward $81,365 over five years. Five-year ROI reaches 135.85% and total cumulative return in cash records $132,625. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,407/mo property income covering a $1,441/mo payment rather than investor’s personal income.
Single Family
Built in 1994
0.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51540, Hastings, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 169 (100%) |
| Owner Occupied HU | 136 (80.5%) |
| Renter Occupied HU | 13 ( 7.7%) |
| Vacant Housing Units | 20 (11.8%) |
| Median Home Value | $250,000 |
| Average Home Value | $233,199 |
Housing Distribution
Address Breakdown
Residential
136
Single Family
136
Multi-Family
0
Businesses
8
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