501 South Main StreetFarmersburgIA52047
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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 Farmersburg at 501 South Main Street, Farmersburg, IA, 52047 earns $178/mo cash flow from $1,015/mo rent with a $631/mo payment. Total monthly income totals $1,015/mo, and annual cash flow totals $2,131/yr on $42,764 capital. ROI tracks 24.89% on current figures, and rental yield reads 9.44% at a $129,000 purchase. Equity gained on principal adds $832/yr, and 5% annual appreciation supports $35,640 over five years. Five-year ROI reaches 130.01% and total cumulative return in cash sums $55,597. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,015/mo property income instead of your personal income.
Single Family
Built in 1949
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52047, Farmersburg, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 285 (100%) |
| Owner Occupied HU | 196 (68.8%) |
| Renter Occupied HU | 47 (16.5%) |
| Vacant Housing Units | 42 (14.7%) |
| Median Home Value | $130,000 |
| Average Home Value | $194,133 |
Housing Distribution
Address Breakdown
Residential
162
Single Family
162
Multi-Family
0
Businesses
5
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Listed by: Colton Day • RE/MAX Gold
Mls Name: WIREX MLS
Mls ID: #2006358