415 W Summit StWintersetIA50273
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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 Winterset at 415 W Summit St, Winterset, IA, 50273 priced at $169,000 pairs $1,260/mo rent with $163/mo cash flow after a $827/mo payment. Total monthly income equals $1,260/mo, and annual cash flow comes to $1,951/yr on $56,024 invested. Return on cash invested is 23.39% in year one, and rental yield stands at 8.95% on a $169,000 basis. Equity gained on principal adds $1,091/yr, and 5% annual appreciation accumulates to $46,692 by year five. Five-year ROI measures 121.95% and total cumulative return in cash reaches $68,323. For financing, Ziffy Mortgage’s DSCR program evaluates $1,260/mo property income against a $827/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1982
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50273, Winterset, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,968 (100%) |
| Owner Occupied HU | 2,692 (67.8%) |
| Renter Occupied HU | 911 (23.0%) |
| Vacant Housing Units | 365 ( 9.2%) |
| Median Home Value | $228,438 |
| Average Home Value | $301,850 |
Housing Distribution
Address Breakdown
Residential
3,690
Single Family
3,511
Multi-Family
179
Businesses
308
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