408 E Front StWaylandIA52654
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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 Wayland at 408 E Front St, Wayland, IA, 52654 offers $753/mo rent that, after a $489/mo payment, leaves $104/mo cash flow. Total monthly income is $753/mo, and annual cash flow is $1,248/yr on $33,150 cash. Return on cash invested measures 23.67% in year one, and rental yield stands at 9.04% at a $100,000 entry. Equity gained on principal adds $645/yr while 5% annual appreciation compounds into $27,628 by year five. Five-year ROI records 123.41% and total cumulative return in cash reaches $40,912. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $753/mo property income versus a $489/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52654, Wayland, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 703 (100%) |
| Owner Occupied HU | 516 (73.4%) |
| Renter Occupied HU | 151 (21.5%) |
| Vacant Housing Units | 36 ( 5.1%) |
| Median Home Value | $157,589 |
| Average Home Value | $225,053 |
Housing Distribution
Address Breakdown
Residential
583
Single Family
539
Multi-Family
44
Businesses
53
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