455 3rd St NWPrimgharIA51245
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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 Primghar at 455 3rd St NW, Primghar, IA, 51245 uses $51,383 cash to close to unlock $2,592/yr annual cash flow and $216/mo monthly cash flow. Total monthly income runs $1,223/mo, and a $759/mo payment keeps the spread at $216/mo. Purchase price stands at $155,000, and rental yield measures 9.47% with $1,223/mo rent. Return on cash invested shows 24.95% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 130.28% and total cumulative return in cash records $66,940. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,223/mo property income covering a $759/mo payment rather than investor’s personal income.
Single Family
Built in 1924
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51245, Primghar, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 634 (100%) |
| Owner Occupied HU | 447 (70.5%) |
| Renter Occupied HU | 116 (18.3%) |
| Vacant Housing Units | 71 (11.2%) |
| Median Home Value | $174,202 |
| Average Home Value | $215,738 |
Housing Distribution
Address Breakdown
Residential
415
Single Family
415
Multi-Family
0
Businesses
72
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