505 2nd St SWWaukonIA52172
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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 Waukon at 505 2nd St SW, Waukon, IA, 52172 offers a 9.33% rental yield on a $139,000 purchase with $1,081/mo rent. Total monthly income registers $1,081/mo, and a $680/mo payment leaves $179/mo available for distribution. Annual cash flow reaches $2,143/yr on $46,079 to close, and return on cash invested stands at 24.56% in year one. Equity gained on principal adds $897/yr while 5% annual appreciation supports $38,403 over five years. Portfolio math shows five-year ROI at 128.23% and total cumulative return in cash at $59,084. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,081/mo property income against a $680/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1915
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52172, Waukon, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,882 (100%) |
| Owner Occupied HU | 1,947 (67.6%) |
| Renter Occupied HU | 629 (21.8%) |
| Vacant Housing Units | 306 (10.6%) |
| Median Home Value | $198,845 |
| Average Home Value | $346,424 |
Housing Distribution
Address Breakdown
Residential
2,694
Single Family
2,565
Multi-Family
129
Businesses
294
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