509 3rd Ave SFort DodgeIA50501
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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 Fort Dodge at 509 3rd Ave S, Fort Dodge, IA, 50501 offers a 9.17% rental yield on a $179,500 purchase with $1,372/mo rent. Total monthly income registers $1,372/mo, and a $879/mo payment leaves $206/mo available for distribution. Annual cash flow reaches $2,470/yr on $59,504 to close, and return on cash invested stands at 24.06% in year one. Equity gained on principal adds $1,158/yr while 5% annual appreciation supports $49,593 over five years. Portfolio math shows five-year ROI at 125.5% and total cumulative return in cash at $74,680. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,372/mo property income against a $879/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50501, Fort Dodge, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,107 (100%) |
| Owner Occupied HU | 7,476 (57.0%) |
| Renter Occupied HU | 3,971 (30.3%) |
| Vacant Housing Units | 1,660 (12.7%) |
| Median Home Value | $161,154 |
| Average Home Value | $209,301 |
Housing Distribution
Address Breakdown
Residential
12,306
Single Family
11,143
Multi-Family
1,163
Businesses
1,207
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Listed by: Ly Tran • Fort Dodge Realty
Mls Name: Fort Dodge BOR
Mls ID: #26583