502 W 3rd StDeltaIA52550
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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 Delta at 502 W 3rd St, Delta, IA, 52550 uses $69,615 cash to close to unlock $24/yr annual cash flow and $2/mo monthly cash flow. Total monthly income runs $1,366/mo, and a $1,028/mo payment keeps the spread at $2/mo. Purchase price stands at $210,000, and rental yield measures 7.81% with $1,366/mo rent. Return on cash invested shows 19.94% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 103.43% and total cumulative return in cash records $72,004. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,366/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Single Family
Built in 1964
11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52550, Delta, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 269 (100%) |
| Owner Occupied HU | 186 (69.1%) |
| Renter Occupied HU | 26 ( 9.7%) |
| Vacant Housing Units | 57 (21.2%) |
| Median Home Value | $127,778 |
| Average Home Value | $325,282 |
Housing Distribution
Address Breakdown
Residential
240
Single Family
240
Multi-Family
0
Businesses
9
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