405 S Main StSchallerIA51053
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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 Schaller at 405 S Main St, Schaller, IA, 51053 listed at $195,000 pairs $1,165/mo rent with a $954/mo payment. Total monthly income runs $1,165/mo. Return on cash invested measures 18.03% in year one, and rental yield registers 7.17% at a $195,000 basis. Equity gained on principal adds $1,258/yr, and annual property appreciation at 5% supports $53,875 by year five. Five-year ROI tracks 93.19% and total cumulative return in cash totals $60,238. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,165/mo property income relative to a $954/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1918
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51053, Schaller, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 499 (100%) |
| Owner Occupied HU | 371 (74.3%) |
| Renter Occupied HU | 76 (15.2%) |
| Vacant Housing Units | 52 (10.4%) |
| Median Home Value | $118,403 |
| Average Home Value | $164,016 |
Housing Distribution
Address Breakdown
Residential
187
Single Family
187
Multi-Family
0
Businesses
40
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Listed by: Steven Brashears • Compass Real Estate of NW IA
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #828416
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.