423 N Willow St #3PaullinaIA51046
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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 Paullina at 423 N Willow St #3, Paullina, IA, 51046 priced at $232,320 converts $1,350/mo rent into after a $1,137/mo obligation. Total monthly income equals $1,350/mo. Return on cash invested prints 17.44% in year one, and rental yield reads 6.97% against a $232,320 entry. Equity gained on principal adds $1,499/yr, while 5% annual appreciation compiles into $64,186 by year five. Five-year ROI reaches 90.02% and total cumulative return in cash sums $69,327. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,350/mo property income covering a $1,137/mo payment, not borrower’s personal income.
Condo
Built in 1964
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51046, Paullina, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 751 (100%) |
| Owner Occupied HU | 531 (70.7%) |
| Renter Occupied HU | 121 (16.1%) |
| Vacant Housing Units | 99 (13.2%) |
| Median Home Value | $162,500 |
| Average Home Value | $187,142 |
Housing Distribution
Address Breakdown
Residential
273
Single Family
273
Multi-Family
0
Businesses
55
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Listed by: Corey Elgersma • ISB Services Inc
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #824313
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.