4083 Cherry AveHawardenIA51023
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 Hawarden at 4083 Cherry Ave, Hawarden, IA, 51023 offers $1,480/mo rent that, after a $1,067/mo payment, leaves $64/mo cash flow. Total monthly income is $1,480/mo, and annual cash flow is $769/yr on $72,284 cash. Return on cash invested measures 20.97% in year one, and rental yield stands at 8.14% at a $218,050 entry. Equity gained on principal adds $1,407/yr while 5% annual appreciation compounds into $60,243 by year five. Five-year ROI records 109% and total cumulative return in cash reaches $78,791. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,480/mo property income versus a $1,067/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
37.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51023, Hawarden, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,323 (100%) |
| Owner Occupied HU | 856 (64.7%) |
| Renter Occupied HU | 338 (25.5%) |
| Vacant Housing Units | 129 ( 9.8%) |
| Median Home Value | $164,333 |
| Average Home Value | $238,741 |
Housing Distribution
Address Breakdown
Residential
1,362
Single Family
1,270
Multi-Family
92
Businesses
128
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices