412 W Spring StNew HamptonIA50659
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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 New Hampton at 412 W Spring St, New Hampton, IA, 50659 uses $49,692 cash to close to unlock $1,706/yr annual cash flow and $142/mo monthly cash flow. Total monthly income runs $1,116/mo, and a $734/mo payment keeps the spread at $142/mo. Purchase price stands at $149,900, and rental yield measures 8.93% with $1,116/mo rent. Return on cash invested shows 23.34% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 121.73% and total cumulative return in cash records $60,491. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,116/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1880
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50659, New Hampton, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,449 (100%) |
| Owner Occupied HU | 1,676 (68.4%) |
| Renter Occupied HU | 537 (21.9%) |
| Vacant Housing Units | 236 ( 9.6%) |
| Median Home Value | $202,222 |
| Average Home Value | $232,090 |
Housing Distribution
Address Breakdown
Residential
2,286
Single Family
2,186
Multi-Family
100
Businesses
249
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Listed by: Emily Reicks • Homestead Realty, LLC
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20252576