506 N Walnut StAvocaIA51521
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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 Avoca at 506 N Walnut St, Avoca, IA, 51521 uses $54,698 cash to close to unlock $2,232/yr annual cash flow and $186/mo monthly cash flow. Total monthly income runs $1,258/mo, and a $808/mo payment keeps the spread at $186/mo. Purchase price stands at $165,000, and rental yield measures 9.15% with $1,258/mo rent. Return on cash invested shows 23.99% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 125.14% and total cumulative return in cash records $68,447. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,258/mo property income covering a $808/mo payment rather than investor’s personal income.
Single Family
Built in 1890
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51521, Avoca, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,022 (100%) |
| Owner Occupied HU | 699 (68.4%) |
| Renter Occupied HU | 234 (22.9%) |
| Vacant Housing Units | 89 ( 8.7%) |
| Median Home Value | $221,701 |
| Average Home Value | $236,273 |
Housing Distribution
Address Breakdown
Residential
649
Single Family
629
Multi-Family
20
Businesses
87
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