502 E Maple AveConradIA50621
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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 Conrad at 502 E Maple Ave, Conrad, IA, 50621 with 5% annual appreciation on a $159,900 basis while $1,202/mo rent supports operations. Total monthly income totals $1,202/mo and a $783/mo payment preserves $163/mo for cash returns. Annual cash flow comes to $1,958/yr on $53,007 deployed, and return on cash invested reaches 23.6% in year one. Equity gained on principal adds $1,032/yr, and five-year appreciation sums $44,177 alongside rental yield of 9.02%. Five-year ROI measures 123.14% and total cumulative return in cash totals $65,274.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,202/mo property income versus a $783/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1910
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50621, Conrad, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 644 (100%) |
| Owner Occupied HU | 475 (73.8%) |
| Renter Occupied HU | 99 (15.4%) |
| Vacant Housing Units | 70 (10.9%) |
| Median Home Value | $187,924 |
| Average Home Value | $244,595 |
Housing Distribution
Address Breakdown
Residential
213
Single Family
213
Multi-Family
0
Businesses
64
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Listed by: Paula Price • No Limits Real Estate
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6325601
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.