404 Cass StAdairIA50002
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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 Adair at 404 Cass St, Adair, IA, 50002 uses $55,526 cash to close to unlock $960/yr annual cash flow and $80/mo monthly cash flow. Total monthly income runs $1,168/mo, and a $820/mo payment keeps the spread at $80/mo. Purchase price stands at $167,500, and rental yield measures 8.37% with $1,168/mo rent. Return on cash invested shows 21.64% in year one, and 5% annual appreciation builds toward $46,277 over five years. Five-year ROI reaches 112.49% and total cumulative return in cash records $62,464. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,168/mo property income covering a $820/mo payment rather than investor’s personal income.
Single Family
Built in 1925
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50002, Adair, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 622 (100%) |
| Owner Occupied HU | 410 (65.9%) |
| Renter Occupied HU | 141 (22.7%) |
| Vacant Housing Units | 71 (11.4%) |
| Median Home Value | $161,184 |
| Average Home Value | $235,848 |
Housing Distribution
Address Breakdown
Residential
479
Single Family
459
Multi-Family
20
Businesses
48
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