413 Main StAlbert CityIA50510
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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
Rental property for sale in Albert City at 413 Main St, Albert City, IA, 50510 priced at $113,000 pairs $885/mo rent with $151/mo cash flow after a $553/mo payment. Total monthly income equals $885/mo, and annual cash flow comes to $1,814/yr on $37,460 invested. Return on cash invested is 24.75% in year one, and rental yield stands at 9.4% on a $113,000 basis. Equity gained on principal adds $729/yr, and 5% annual appreciation accumulates to $31,220 by year five. Five-year ROI measures 129.34% and total cumulative return in cash reaches $48,449. For financing, Ziffy Mortgage’s DSCR program evaluates $885/mo property income against a $553/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1936
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50510, Albert City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 494 (100%) |
| Owner Occupied HU | 346 (70.0%) |
| Renter Occupied HU | 89 (18.0%) |
| Vacant Housing Units | 59 (11.9%) |
| Median Home Value | $112,500 |
| Average Home Value | $203,815 |
Housing Distribution
Address Breakdown
Residential
338
Single Family
334
Multi-Family
4
Businesses
34
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Listed by: Georgia A Weaver • Weaver LLC Realtors
Mls Name: Northwest Iowa Regional BOR
Mls ID: #829687