412 S Morehouse StBancroftIA50517
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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 Bancroft at 412 S Morehouse St, Bancroft, IA, 50517 earns $589/mo cash flow from $1,742/mo rent with a $869/mo payment. Total monthly income totals $1,742/mo, and annual cash flow totals $7,066/yr on $58,877 capital. ROI tracks 31.91% on current figures, and rental yield reads 11.77% at a $177,608 purchase. Equity gained on principal adds $1,146/yr, and 5% annual appreciation supports $49,070 over five years. Five-year ROI reaches 167.59% and total cumulative return in cash sums $98,674. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,742/mo property income instead of your personal income.
Single Family
Built in 1983
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50517, Bancroft, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 453 (100%) |
| Owner Occupied HU | 297 (65.6%) |
| Renter Occupied HU | 110 (24.3%) |
| Vacant Housing Units | 46 (10.2%) |
| Median Home Value | $115,726 |
| Average Home Value | $142,264 |
Housing Distribution
Address Breakdown
Residential
322
Single Family
322
Multi-Family
0
Businesses
51
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