507 Park AveStory CityIA50248
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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 Story City at 507 Park Ave, Story City, IA, 50248 with 5% annual appreciation on a $203,500 basis while $1,536/mo rent supports operations. Total monthly income totals $1,536/mo and a $996/mo payment preserves $214/mo for cash returns. Annual cash flow comes to $2,573/yr on $67,460 deployed, and return on cash invested reaches 23.72% in year one. Equity gained on principal adds $1,313/yr, and five-year appreciation sums $56,223 alongside rental yield of 9.06%. Five-year ROI measures 123.74% and total cumulative return in cash totals $83,475.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,536/mo property income versus a $996/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1938
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50248, Story City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,119 (100%) |
| Owner Occupied HU | 1,434 (67.7%) |
| Renter Occupied HU | 514 (24.3%) |
| Vacant Housing Units | 171 ( 8.1%) |
| Median Home Value | $244,920 |
| Average Home Value | $312,753 |
Housing Distribution
Address Breakdown
Residential
2,008
Single Family
1,678
Multi-Family
330
Businesses
166
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Listed by: Daniel Wandling • Real Broker LLC
Mls Name: CIBR
Mls Provider:
Mls ID: #68642
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not accurate.