507 3rd Ave NWPocahontasIA50574
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Pocahontas at 507 3rd Ave NW, Pocahontas, IA, 50574 listed at $147,000 pairs $1,158/mo rent with a $719/mo payment to leave $204/mo cash flow. Total monthly income runs $1,158/mo, and annual cash flow reaches $2,446/yr on $48,731 cash to close. Return on cash invested measures 24.93% in year one, and rental yield registers 9.45% at a $147,000 basis. Equity gained on principal adds $949/yr, and annual property appreciation at 5% supports $40,613 by year five. Five-year ROI tracks 130.17% and total cumulative return in cash totals $63,432. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,158/mo property income relative to a $719/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1964
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50574, Pocahontas, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,142 (100%) |
| Owner Occupied HU | 769 (67.3%) |
| Renter Occupied HU | 223 (19.5%) |
| Vacant Housing Units | 150 (13.1%) |
| Median Home Value | $129,435 |
| Average Home Value | $202,058 |
Housing Distribution
Address Breakdown
Residential
1,019
Single Family
964
Multi-Family
55
Businesses
139
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Donna M Hudson • Beam Real Estate
Mls Name: Northwest Iowa Regional BOR
Mls ID: #829587