503 E Broadway StDecorahIA52101
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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
Rental property for sale in Decorah at 503 E Broadway St, Decorah, IA, 52101 priced at $365,000 pairs $1,592/mo rent with after a $1,786/mo payment. Total monthly income equals $1,592/mo. Return on cash invested is 12.19% in year one, and rental yield stands at 5.23% on a $365,000 basis. Equity gained on principal adds $2,355/yr, and 5% annual appreciation accumulates to $100,843 by year five. Five-year ROI measures 61.85% and total cumulative return in cash reaches $74,839. For financing, Ziffy Mortgage’s DSCR program evaluates $1,592/mo property income against a $1,786/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2017
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52101, Decorah, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,820 (100%) |
| Owner Occupied HU | 3,911 (67.2%) |
| Renter Occupied HU | 1,362 (23.4%) |
| Vacant Housing Units | 547 ( 9.4%) |
| Median Home Value | $308,845 |
| Average Home Value | $364,317 |
Housing Distribution
Address Breakdown
Residential
5,494
Single Family
4,974
Multi-Family
520
Businesses
583
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Listed by: Marcia Madrigal • Kelly Real Estate Inc
Mls Name: Northeast Iowa Regional BOR
Mls Provider:
Mls ID: #20252694
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