409 3rd StSchleswigIA51461
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
Investment property for sale in Schleswig at 409 3rd St, Schleswig, IA, 51461 offers a 11.82% rental yield on a $212,500 purchase with $2,093/mo rent. Total monthly income registers $2,093/mo, and a $1,040/mo payment leaves $713/mo available for distribution. Annual cash flow reaches $8,556/yr on $70,444 to close, and return on cash invested stands at 32.05% in year one. Equity gained on principal adds $1,371/yr while 5% annual appreciation supports $58,710 over five years. Portfolio math shows five-year ROI at 168.37% and total cumulative return in cash at $118,604. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,093/mo property income against a $1,040/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1916
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51461, Schleswig, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 508 (100%) |
| Owner Occupied HU | 360 (70.9%) |
| Renter Occupied HU | 89 (17.5%) |
| Vacant Housing Units | 59 (11.6%) |
| Median Home Value | $167,373 |
| Average Home Value | $218,979 |
Housing Distribution
Address Breakdown
Residential
141
Single Family
141
Multi-Family
0
Businesses
41
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