409 N Railway StHastingsIA51540
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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 Hastings at 409 N Railway St, Hastings, IA, 51540 priced at $179,900 converts $1,441/mo rent into $272/mo cash flow after a $881/mo obligation. Total monthly income equals $1,441/mo, and annual cash flow totals $3,266/yr on $59,637 invested. Return on cash invested prints 25.39% in year one, and rental yield reads 9.61% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 132.7% and total cumulative return in cash sums $79,137. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,441/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1990
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51540, Hastings, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 169 (100%) |
| Owner Occupied HU | 136 (80.5%) |
| Renter Occupied HU | 13 ( 7.7%) |
| Vacant Housing Units | 20 (11.8%) |
| Median Home Value | $250,000 |
| Average Home Value | $233,199 |
Housing Distribution
Address Breakdown
Residential
136
Single Family
136
Multi-Family
0
Businesses
8
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