505 2nd Ave EOskaloosaIA52577
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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 Oskaloosa at 505 2nd Ave E, Oskaloosa, IA, 52577 uses $59,007 cash to close to unlock $5,162/yr annual cash flow and $430/mo monthly cash flow. Total monthly income runs $1,586/mo, and a $871/mo payment keeps the spread at $430/mo. Purchase price stands at $178,000, and rental yield measures 10.69% with $1,586/mo rent. Return on cash invested shows 28.66% in year one, and 5% annual appreciation builds toward $49,178 over five years. Five-year ROI reaches 150.23% and total cumulative return in cash records $88,645. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,586/mo property income covering a $871/mo payment rather than investor’s personal income.
Single Family
Built in 1945
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52577, Oskaloosa, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,563 (100%) |
| Owner Occupied HU | 3,957 (60.3%) |
| Renter Occupied HU | 1,930 (29.4%) |
| Vacant Housing Units | 676 (10.3%) |
| Median Home Value | $168,132 |
| Average Home Value | $208,122 |
Housing Distribution
Address Breakdown
Residential
6,231
Single Family
5,791
Multi-Family
440
Businesses
581
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Listed by: Rachelle Ruepke • Sage Creek Realty, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #714502
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.