401 E Smith StRussellIA50238
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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 Russell at 401 E Smith St, Russell, IA, 50238 listed at $118,500 pairs $0/mo rent with a $580/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -3.6% in year one, and rental yield registers 0% at a $118,500 basis. Equity gained on principal adds $765/yr, and annual property appreciation at 5% supports $32,739 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $580/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50238, Russell, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 509 (100%) |
| Owner Occupied HU | 383 (75.2%) |
| Renter Occupied HU | 59 (11.6%) |
| Vacant Housing Units | 67 (13.2%) |
| Median Home Value | $84,375 |
| Average Home Value | $145,202 |
Housing Distribution
Address Breakdown
Residential
435
Single Family
435
Multi-Family
0
Businesses
14
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No similar rental properties found nearby.
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Listed by: Hilary Masters • Kent Farm Mgmt and Real Estate
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6321774
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