507 W Madison StWintersetIA50273
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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
Rental property for sale in Winterset at 507 W Madison St, Winterset, IA, 50273 priced at $210,000 pairs $1,698/mo rent with $294/mo cash flow after a $1,028/mo payment. Total monthly income equals $1,698/mo, and annual cash flow comes to $3,528/yr on $69,615 invested. Return on cash invested is 24.98% in year one, and rental yield stands at 9.7% on a $210,000 basis. Equity gained on principal adds $1,355/yr, and 5% annual appreciation accumulates to $58,019 by year five. Five-year ROI measures 130.65% and total cumulative return in cash reaches $90,952. For financing, Ziffy Mortgage’s DSCR program evaluates $1,698/mo property income against a $1,028/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2021
2,613 sqft lot
$N/A/sqft
$40 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 50273, Winterset, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,968 (100%) |
| Owner Occupied HU | 2,692 (67.8%) |
| Renter Occupied HU | 911 (23.0%) |
| Vacant Housing Units | 365 ( 9.2%) |
| Median Home Value | $228,438 |
| Average Home Value | $301,850 |
Housing Distribution
Address Breakdown
Residential
3,690
Single Family
3,511
Multi-Family
179
Businesses
308
Price History
Date | Event | Price |
|---|---|---|
| 2025-05-28 | Listed for sale | $210,000 |
| 2022-06-16 | Sold | $179,000 |
| 2022-05-24 | Pending sale | $179,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
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Facts & Features
General Information
- Type: Condo
- Year Built: 2021
- Architectural Style: Ranch
- Building Area: 1,030
- Living Area: 1,030 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Forced Air, Gas, Natural Gas
- Cooling: Central Air
- Flooring: Carpet
- Interior Features: Window Treatments
- Exterior Features: N/A
- Parking Features: Attached, Garage, One Car Garage
Location
HOA & Fees
- HOA Fee: $40 monthly
- Association Fee: $40 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: Maintenance Grounds, Snow Removal
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Concrete
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Toni Tindle • Covered Bridge Realty
Mls Name: DMMLS
Mls Provider:
Mls ID: #718954
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.