505 Alfred StStanhopeIA50246
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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 Stanhope at 505 Alfred St, Stanhope, IA, 50246 listed at $190,000 pairs $1,455/mo rent with a $930/mo payment to leave $212/mo cash flow. Total monthly income runs $1,455/mo, and annual cash flow reaches $2,549/yr on $62,985 cash to close. Return on cash invested measures 23.96% in year one, and rental yield registers 9.19% at a $190,000 basis. Equity gained on principal adds $1,226/yr, and annual property appreciation at 5% supports $52,494 by year five. Five-year ROI tracks 125.06% and total cumulative return in cash totals $78,768. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,455/mo property income relative to a $930/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1921
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50246, Stanhope, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 335 (100%) |
| Owner Occupied HU | 235 (70.1%) |
| Renter Occupied HU | 63 (18.8%) |
| Vacant Housing Units | 37 (11.0%) |
| Median Home Value | $164,352 |
| Average Home Value | $209,894 |
Housing Distribution
Address Breakdown
Residential
135
Single Family
135
Multi-Family
0
Businesses
21
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Listed by: Aliya Streigle • Abens Realty
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6325545
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