401 Market StDelmarIA52037
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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
Rental property for sale in Delmar at 401 Market St, Delmar, IA, 52037 priced at $319,900 converts $2,192/mo rent into $114/mo cash flow after a $1,566/mo obligation. Total monthly income equals $2,192/mo, and annual cash flow totals $1,370/yr on $106,047 invested. Return on cash invested prints 21.2% in year one, and rental yield reads 8.22% against a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation compiles into $88,382 by year five. Five-year ROI reaches 110.2% and total cumulative return in cash sums $116,864. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,192/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Single Family
Built in 1908
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52037, Delmar, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 556 (100%) |
| Owner Occupied HU | 460 (82.7%) |
| Renter Occupied HU | 57 (10.3%) |
| Vacant Housing Units | 39 ( 7.0%) |
| Median Home Value | $265,854 |
| Average Home Value | $356,717 |
Housing Distribution
Address Breakdown
Residential
383
Single Family
383
Multi-Family
0
Businesses
21
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Listed by: Cindy Ottens • Mel Foster Co. Clinton
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4262137
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.