503 S 3rd StMovilleIA51039
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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 Moville at 503 S 3rd St, Moville, IA, 51039 priced at $200,000 converts $1,787/mo rent into $488/mo cash flow after a $979/mo obligation. Total monthly income equals $1,787/mo, and annual cash flow totals $5,856/yr on $66,300 invested. Return on cash invested prints 28.74% in year one, and rental yield reads 10.72% against a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation compiles into $55,256 by year five. Five-year ROI reaches 150.6% and total cumulative return in cash sums $99,848. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,787/mo property income covering a $979/mo payment, not borrower’s personal income.
Single Family
Built in 1920
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51039, Moville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,053 (100%) |
| Owner Occupied HU | 784 (74.5%) |
| Renter Occupied HU | 197 (18.7%) |
| Vacant Housing Units | 72 ( 6.8%) |
| Median Home Value | $299,115 |
| Average Home Value | $296,381 |
Housing Distribution
Address Breakdown
Residential
667
Single Family
641
Multi-Family
26
Businesses
67
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Listed by: Mark Vos • Keller Williams Siouxland
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #827997
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.