405 E Spring St, Sigourney, IA, 52591 | $133/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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405 E Spring St, Sigourney, IA, 52591 | $133/mo Cash Flow | Ziffy

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Sigourney at 405 E Spring St, Sigourney, IA, 52591 offers a 8.43% rental yield on a $249,500 purchase with $1,753/mo rent. Total monthly income registers $1,753/mo, and a $1,221/mo payment leaves $133/mo available for distribution. Annual cash flow reaches $1,594/yr on $82,709 to close, and return on cash invested stands at 21.84% in year one. Equity gained on principal adds $1,610/yr while 5% annual appreciation supports $68,932 over five years. Portfolio math shows five-year ROI at 113.58% and total cumulative return in cash at $93,945. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,753/mo property income against a $1,221/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1970

0.25 Acres lot

$N/A/sqft

No HOA

More details about the property

This updated and well cared for 4 bed/3 bath split foyer home is located on a double corner lot. The home features a bonus room with electric fireplace, eat in kitchen, formal dining room, oversized garage with a workshop area, central vac system, water softening system, fireproof door between garage and house, and a walk out basement. The home has many updates including new roof in 2024 with a limited lifetime warranty shingle (35-40 years), new carpet, anchor system installed in basement, updated windows, new cellular shades, and more! The washer, dryer, fridge, stove, and dishwasher will remain in the home. Close to downtown, the softball field, and both the elementary and high schools, this home is in a wonderful location. Home is being sold "as is".

Neighborhood Data

Neighborhood data shown for ZIP Code: 52591, Sigourney, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,362 (100%)
Owner Occupied HU	923 (67.8%)
Renter Occupied HU	320 (23.5%)
Vacant Housing Units	119 ( 8.7%)
Median Home Value	$158,036
Average Home Value	$217,898