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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Winterset at 509 W Summit St, Winterset, IA, 50273 generates $1,310/mo in rent and, after a $832/mo payment, leaves $206/mo in cash flow. Total monthly income is $1,310/mo, and annual cash flow is $2,472/yr on $56,355 invested. Return on cash invested sits at 24.3% in year one, and rental yield is 9.25% on a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 126.73% and total cumulative return in cash sums $71,421. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,310/mo property income rather than buyer’s personal income.
Single Family
Built in 1885
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50273, Winterset, IA area.
| 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 |
Residential
3,690
Single Family
3,511
Multi-Family
179
Businesses
308
Date | Event | Price |
|---|---|---|
| 2024-10-30 | Listed for sale | $170,000 |
| 2023-07-14 | Sold | $154,015 |
| 2023-06-03 | Pending sale | $149,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-20 | $1926.00 | -0.21% | $102,600 | 21.71% |
| 2022-11-20 | $1930.00 | 1.58% | $84,300 | N/A |
| 2021-11-20 | $1900.00 | 2.59% | $84,300 | 9.20% |
Listed by: Austin Postier • RE/MAX Results
Mls Name: DMMLS
Mls Provider:
Mls ID: #706770
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.
