508 E Smith StRussellIA50238
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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 Russell at 508 E Smith St, Russell, IA, 50238 offers a 5.47% rental yield on a $250,000 purchase with $1,139/mo rent. 89% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 65.58% and total cumulative return in cash at $54,346. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,139/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50238, Russell, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 509 (100%) |
| Owner Occupied HU | 383 (75.2%) |
| Renter Occupied HU | 59 (11.6%) |
| Vacant Housing Units | 67 (13.2%) |
| Median Home Value | $84,375 |
| Average Home Value | $145,202 |
Housing Distribution
Address Breakdown
Residential
435
Single Family
435
Multi-Family
0
Businesses
14
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