507 1st Ave WFarleyIA52046
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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 Farley at 507 1st Ave W, Farley, IA, 52046 uses $72,897 cash to close to unlock $1,250/yr annual cash flow and $104/mo monthly cash flow. Total monthly income runs $1,532/mo, and a $1,076/mo payment keeps the spread at $104/mo. Purchase price stands at $219,900, and rental yield measures 8.36% with $1,532/mo rent. Return on cash invested shows 21.62% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 112.5% and total cumulative return in cash records $82,012. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,532/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 1953
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52046, Farley, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 982 (100%) |
| Owner Occupied HU | 747 (76.1%) |
| Renter Occupied HU | 200 (20.4%) |
| Vacant Housing Units | 35 ( 3.6%) |
| Median Home Value | $319,578 |
| Average Home Value | $360,944 |
Housing Distribution
Address Breakdown
Residential
815
Single Family
789
Multi-Family
26
Businesses
62
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