402 E Park StSpencerIA51301
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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 Spencer at 402 E Park St, Spencer, IA, 51301 earns $295/mo cash flow from $1,074/mo rent with a $587/mo payment. Total monthly income totals $1,074/mo, and annual cash flow totals $3,540/yr on $39,780 capital. ROI tracks 28.81% on current figures, and rental yield reads 10.74% at a $120,000 purchase. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,154 over five years. Five-year ROI reaches 150.94% and total cumulative return in cash sums $60,043. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,074/mo property income instead of your personal income.
Single Family
Built in 1910
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51301, Spencer, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,257 (100%) |
| Owner Occupied HU | 3,762 (60.1%) |
| Renter Occupied HU | 1,788 (28.6%) |
| Vacant Housing Units | 707 (11.3%) |
| Median Home Value | $196,406 |
| Average Home Value | $264,591 |
Housing Distribution
Address Breakdown
Residential
5,949
Single Family
4,996
Multi-Family
953
Businesses
663
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Listed by: Jimy Mac Lenz • Hinn Real Estate
Mls Name: Iowa Great Lakes BOR
Mls Provider:
Mls ID: #251129
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.