509 Cedar AveWoodwardIA50276
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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 Woodward at 509 Cedar Ave, Woodward, IA, 50276 priced at $254,900 pairs $870/mo rent with after a $1,248/mo payment. Total monthly income equals $870/mo. Return on cash invested is 8.75% in year one, and rental yield stands at 4.1% on a $254,900 basis. Equity gained on principal adds $1,645/yr, and 5% annual appreciation accumulates to $70,424 by year five. Five-year ROI measures 43.44% and total cumulative return in cash reaches $36,708. For financing, Ziffy Mortgage’s DSCR program evaluates $870/mo property income against a $1,248/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50276, Woodward, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 969 (100%) |
| Owner Occupied HU | 729 (75.2%) |
| Renter Occupied HU | 182 (18.8%) |
| Vacant Housing Units | 58 ( 6.0%) |
| Median Home Value | $268,145 |
| Average Home Value | $343,916 |
Housing Distribution
Address Breakdown
Residential
760
Single Family
760
Multi-Family
0
Businesses
37
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