409 Highway StHendersonIA51541
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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 Henderson at 409 Highway St, Henderson, IA, 51541 earns $983/mo cash flow from $1,892/mo rent with a $685/mo payment. Total monthly income totals $1,892/mo, and annual cash flow totals $11,796/yr on $46,410 capital. ROI tracks 45.33% on current figures, and rental yield reads 16.22% at a $140,000 purchase. Equity gained on principal adds $903/yr, and 5% annual appreciation supports $38,679 over five years. Five-year ROI reaches 239.53% and total cumulative return in cash sums $111,166. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,892/mo property income instead of your personal income.
Single Family
Built in 1972
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51541, Henderson, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 146 (100%) |
| Owner Occupied HU | 120 (82.2%) |
| Renter Occupied HU | 17 (11.6%) |
| Vacant Housing Units | 9 ( 6.2%) |
| Median Home Value | $221,429 |
| Average Home Value | $211,188 |
Housing Distribution
Address Breakdown
Residential
150
Single Family
150
Multi-Family
0
Businesses
3
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Listed by: Rhonda R Byers • McIntyre Real Estate LLC
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6321540
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.