402 E 3rd StEverlyIA51338
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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 Everly at 402 E 3rd St, Everly, IA, 51338 uses $47,405 cash to close to unlock $10,646/yr annual cash flow and $887/mo monthly cash flow. Total monthly income runs $1,816/mo, and a $700/mo payment keeps the spread at $887/mo. Purchase price stands at $143,000, and rental yield measures 15.24% with $1,816/mo rent. Return on cash invested shows 42.37% in year one, and 5% annual appreciation builds toward $39,508 over five years. Five-year ROI reaches 223.76% and total cumulative return in cash records $106,072. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,816/mo property income covering a $700/mo payment rather than investor’s personal income.
Single Family
Built in 1920
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51338, Everly, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 452 (100%) |
| Owner Occupied HU | 339 (75.0%) |
| Renter Occupied HU | 77 (17.0%) |
| Vacant Housing Units | 36 ( 8.0%) |
| Median Home Value | $255,303 |
| Average Home Value | $317,625 |
Housing Distribution
Address Breakdown
Residential
235
Single Family
235
Multi-Family
0
Businesses
20
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Listed by: Bryan Sebastian • Northwest Iowa Realty
Mls Name: Iowa Great Lakes BOR
Mls Provider:
Mls ID: #240826
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.