507 9th AveDurantIA52747
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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 Durant at 507 9th Ave, Durant, IA, 52747 offers a 8.73% rental yield on a $138,000 purchase with $1,004/mo rent. Total monthly income registers $1,004/mo, and a $675/mo payment leaves $108/mo available for distribution. Annual cash flow reaches $1,298/yr on $45,747 to close, and return on cash invested stands at 22.75% in year one. Equity gained on principal adds $890/yr while 5% annual appreciation supports $38,127 over five years. Portfolio math shows five-year ROI at 118.55% and total cumulative return in cash at $54,234. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,004/mo property income against a $675/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52747, Durant, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 948 (100%) |
| Owner Occupied HU | 729 (76.9%) |
| Renter Occupied HU | 173 (18.2%) |
| Vacant Housing Units | 46 ( 4.9%) |
| Median Home Value | $234,124 |
| Average Home Value | $270,120 |
Housing Distribution
Address Breakdown
Residential
617
Single Family
602
Multi-Family
15
Businesses
87
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