409 S Chestnut StNew LondonIA52645
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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 New London at 409 S Chestnut St, New London, IA, 52645 at $123,500 posts ROI -3.59% with from $0/mo rent. Total monthly income equals $0/mo. Return on cash invested measures -3.59% and rental yield reads 0% at the current $123,500. Equity gained on principal adds $797/yr, and 5% annual appreciation supports $34,121 by year five. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $0/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1911
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52645, New London, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,459 (100%) |
| Owner Occupied HU | 1,140 (78.1%) |
| Renter Occupied HU | 249 (17.1%) |
| Vacant Housing Units | 70 ( 4.8%) |
| Median Home Value | $168,033 |
| Average Home Value | $217,375 |
Housing Distribution
Address Breakdown
Residential
1,314
Single Family
1,288
Multi-Family
26
Businesses
69
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Corey Fraise • Fraise Auction & Real Estate
Mls Name: NoCoast MLS as distributed by MLS GRID
Mls ID: #6333175