408 Elm StAlbert CityIA50510
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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 Albert City at 408 Elm St, Albert City, IA, 50510 offers a 11.3% rental yield on a $119,000 purchase with $1,121/mo rent. Total monthly income registers $1,121/mo, and a $582/mo payment leaves $349/mo available for distribution. Annual cash flow reaches $4,183/yr on $39,449 to close, and return on cash invested stands at 30.51% in year one. Equity gained on principal adds $768/yr while 5% annual appreciation supports $32,878 over five years. Portfolio math shows five-year ROI at 160.14% and total cumulative return in cash at $63,173. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,121/mo property income against a $582/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50510, Albert City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 494 (100%) |
| Owner Occupied HU | 346 (70.0%) |
| Renter Occupied HU | 89 (18.0%) |
| Vacant Housing Units | 59 (11.9%) |
| Median Home Value | $112,500 |
| Average Home Value | $203,815 |
Housing Distribution
Address Breakdown
Residential
338
Single Family
334
Multi-Family
4
Businesses
34
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Listed by: Megan Jewell • Exit Realty Midwest - Spirit Lake
Mls Name: Northwest Iowa Regional BOR
Mls ID: #830395