403 8th St NNorthwoodIA50459
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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 Northwood at 403 8th St N, Northwood, IA, 50459 offers a 15.05% rental yield on a $137,405 purchase with $1,723/mo rent. Total monthly income registers $1,723/mo, and a $673/mo payment leaves $830/mo available for distribution. Annual cash flow reaches $9,962/yr on $45,550 to close, and return on cash invested stands at 41.78% in year one. Equity gained on principal adds $887/yr while 5% annual appreciation supports $37,962 over five years. Portfolio math shows five-year ROI at 220.61% and total cumulative return in cash at $100,488. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,723/mo property income against a $673/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
8,184 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50459, Northwood, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,430 (100%) |
| Owner Occupied HU | 1,017 (71.1%) |
| Renter Occupied HU | 280 (19.6%) |
| Vacant Housing Units | 133 ( 9.3%) |
| Median Home Value | $164,982 |
| Average Home Value | $208,373 |
Housing Distribution
Address Breakdown
Residential
1,321
Single Family
1,217
Multi-Family
104
Businesses
135
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