410 S Franklin StNewellIA50568
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
Rental property for sale in Newell at 410 S Franklin St, Newell, IA, 50568 generates $952/mo in rent and, after a $582/mo payment, leaves $180/mo in cash flow. Total monthly income is $952/mo, and annual cash flow is $2,155/yr on $39,449 invested. Return on cash invested sits at 25.37% in year one, and rental yield is 9.6% on a $119,000 entry. Equity gained on principal adds $768/yr, while 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 132.55% and total cumulative return in cash sums $52,289. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $952/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50568, Newell, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 564 (100%) |
| Owner Occupied HU | 444 (78.7%) |
| Renter Occupied HU | 96 (17.0%) |
| Vacant Housing Units | 24 ( 4.3%) |
| Median Home Value | $154,286 |
| Average Home Value | $221,374 |
Housing Distribution
Address Breakdown
Residential
440
Single Family
440
Multi-Family
0
Businesses
34
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices