423 N Willow St #4PaullinaIA51046
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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 #4, Paullina, IA, 51046 offers $809/mo rent that, after a $1,077/mo payment. Total monthly income is $809/mo. Return on cash invested measures 9.71% in year one, and rental yield stands at 4.41% at a $220,000 entry. Equity gained on principal adds $1,420/yr while 5% annual appreciation compounds into $60,782 by year five. Five-year ROI records 48.52% and total cumulative return in cash reaches $35,387. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $809/mo property income versus a $1,077/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
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: #824314
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.