403 N Iowa AveNora SpringsIA50458
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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 Nora Springs at 403 N Iowa Ave, Nora Springs, IA, 50458 uses $56,322 cash to close to unlock $2,438/yr annual cash flow and $203/mo monthly cash flow. Total monthly income runs $1,307/mo, and a $832/mo payment keeps the spread at $203/mo. Purchase price stands at $169,900, and rental yield measures 9.23% with $1,307/mo rent. Return on cash invested shows 24.24% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 126.54% and total cumulative return in cash records $71,270. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,307/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1900
9,796 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50458, Nora Springs, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 844 (100%) |
| Owner Occupied HU | 669 (79.3%) |
| Renter Occupied HU | 112 (13.3%) |
| Vacant Housing Units | 63 ( 7.5%) |
| Median Home Value | $187,868 |
| Average Home Value | $257,474 |
Housing Distribution
Address Breakdown
Residential
588
Single Family
580
Multi-Family
8
Businesses
51
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Listed by: NIKKI PAPOUCHIS • Hildebrand Real Estate
Mls Name: Greater Mason BOR
Mls ID: #250503