503 Broadway StSpringvilleIA52336
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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 Springville at 503 Broadway St, Springville, IA, 52336 offers a 11.97% rental yield on a $193,000 purchase with $1,925/mo rent. Total monthly income registers $1,925/mo, and a $945/mo payment leaves $671/mo available for distribution. Annual cash flow reaches $8,054/yr on $63,980 to close, and return on cash invested stands at 32.5% in year one. Equity gained on principal adds $1,245/yr while 5% annual appreciation supports $53,322 over five years. Portfolio math shows five-year ROI at 170.8% and total cumulative return in cash at $109,278. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,925/mo property income against a $945/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1897
7,680 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52336, Springville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 989 (100%) |
| Owner Occupied HU | 753 (76.1%) |
| Renter Occupied HU | 157 (15.9%) |
| Vacant Housing Units | 79 ( 8.0%) |
| Median Home Value | $261,436 |
| Average Home Value | $307,560 |
Housing Distribution
Address Breakdown
Residential
851
Single Family
851
Multi-Family
0
Businesses
42
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Listed by: Wendy Votroubek • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2407838
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.