409 S Main StBaxterIA50028
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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 Baxter at 409 S Main St, Baxter, IA, 50028 listed at $224,000 pairs $1,745/mo rent with a $1,096/mo payment to leave $291/mo cash flow. Total monthly income runs $1,745/mo, and annual cash flow reaches $3,487/yr on $74,256 cash to close. Return on cash invested measures 24.61% in year one, and rental yield registers 9.35% at a $224,000 basis. Equity gained on principal adds $1,445/yr, and annual property appreciation at 5% supports $61,887 by year five. Five-year ROI tracks 128.44% and total cumulative return in cash totals $95,371. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,745/mo property income relative to a $1,096/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1908
9,295 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50028, Baxter, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 674 (100%) |
| Owner Occupied HU | 499 (74.0%) |
| Renter Occupied HU | 125 (18.5%) |
| Vacant Housing Units | 50 ( 7.4%) |
| Median Home Value | $229,237 |
| Average Home Value | $297,094 |
Housing Distribution
Address Breakdown
Residential
297
Single Family
297
Multi-Family
0
Businesses
56
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Listed by: Ashley Rebik • LPT Realty, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #723542
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.