407 W North StCalmarIA52132
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 Calmar at 407 W North St, Calmar, IA, 52132 offers $2,773/mo rent that, after a $1,728/mo payment, leaves $480/mo cash flow. Total monthly income is $2,773/mo, and annual cash flow is $5,762/yr on $117,020 cash. Return on cash invested measures 24.83% in year one, and rental yield stands at 9.43% at a $353,000 entry. Equity gained on principal adds $2,278/yr while 5% annual appreciation compounds into $97,527 by year five. Five-year ROI records 129.68% and total cumulative return in cash reaches $151,748. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,773/mo property income versus a $1,728/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1880
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52132, Calmar, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 942 (100%) |
| Owner Occupied HU | 626 (66.5%) |
| Renter Occupied HU | 220 (23.4%) |
| Vacant Housing Units | 96 (10.2%) |
| Median Home Value | $237,222 |
| Average Home Value | $278,247 |
Housing Distribution
Address Breakdown
Residential
435
Single Family
413
Multi-Family
22
Businesses
35
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices