406 Lincoln AveDelmarIA52037
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Delmar at 406 Lincoln Ave, Delmar, IA, 52037 offers $1,135/mo rent that, after a $734/mo payment, leaves $161/mo cash flow. Total monthly income is $1,135/mo, and annual cash flow is $1,934/yr on $49,692 cash. Return on cash invested measures 23.8% in year one, and rental yield stands at 9.09% at a $149,900 entry. Equity gained on principal adds $967/yr while 5% annual appreciation compounds into $41,415 by year five. Five-year ROI records 124.19% and total cumulative return in cash reaches $61,715. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,135/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1890
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52037, Delmar, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 556 (100%) |
| Owner Occupied HU | 460 (82.7%) |
| Renter Occupied HU | 57 (10.3%) |
| Vacant Housing Units | 39 ( 7.0%) |
| Median Home Value | $265,854 |
| Average Home Value | $356,717 |
Housing Distribution
Address Breakdown
Residential
383
Single Family
383
Multi-Family
0
Businesses
21
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Nearby investment properties with comparable prices
Listed by: Shelly Borota • Ruhl&Ruhl REALTORS DeWitt
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4266893
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.