414 NE 3rd StEagle GroveIA50533
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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 Eagle Grove at 414 NE 3rd St, Eagle Grove, IA, 50533 offers a 10.14% rental yield on a $255,000 purchase with $2,154/mo rent. Total monthly income registers $2,154/mo, and a $1,248/mo payment leaves $498/mo available for distribution. Annual cash flow reaches $5,976/yr on $84,533 to close, and return on cash invested stands at 26.98% in year one. Equity gained on principal adds $1,645/yr while 5% annual appreciation supports $70,452 over five years. Portfolio math shows five-year ROI at 141.13% and total cumulative return in cash at $119,300. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,154/mo property income against a $1,248/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2008
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50533, Eagle Grove, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,784 (100%) |
| Owner Occupied HU | 1,055 (59.1%) |
| Renter Occupied HU | 562 (31.5%) |
| Vacant Housing Units | 167 ( 9.4%) |
| Median Home Value | $107,788 |
| Average Home Value | $130,524 |
Housing Distribution
Address Breakdown
Residential
1,657
Single Family
1,628
Multi-Family
29
Businesses
143
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Listed by: Todd Swalin • Ryerson Realty LLC
Mls Name: NoCoast MLS as distributed by MLS GRID
Mls ID: #6308989