405 N Water StGoldfieldIA50542
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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
Rental property for sale in Goldfield at 405 N Water St, Goldfield, IA, 50542 priced at $149,000 pairs $1,080/mo rent with $113/mo cash flow after a $729/mo payment. Total monthly income equals $1,080/mo, and annual cash flow comes to $1,351/yr on $49,394 invested. Return on cash invested is 22.64% in year one, and rental yield stands at 8.7% on a $149,000 basis. Equity gained on principal adds $961/yr, and 5% annual appreciation accumulates to $41,166 by year five. Five-year ROI measures 117.93% and total cumulative return in cash reaches $58,252. For financing, Ziffy Mortgage’s DSCR program evaluates $1,080/mo property income against a $729/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1915
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50542, Goldfield, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 418 (100%) |
| Owner Occupied HU | 314 (75.1%) |
| Renter Occupied HU | 61 (14.6%) |
| Vacant Housing Units | 43 (10.3%) |
| Median Home Value | $135,417 |
| Average Home Value | $162,110 |
Housing Distribution
Address Breakdown
Residential
238
Single Family
222
Multi-Family
16
Businesses
27
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Listed by: Deborah Vance • Ryerson Realty LLC
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6325281
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.