510 Ironwood 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
Investment property for sale in Woodward at 510 Ironwood Ave, Woodward, IA, 50276 with 5% annual appreciation on a $362,500 basis while $2,375/mo rent supports operations. Total monthly income totals $2,375/mo and a $1,774/mo payment preserves $21/mo for cash returns. Annual cash flow comes to $252/yr on $120,169 deployed, and return on cash invested reaches 20.12% in year one. Equity gained on principal adds $2,339/yr, and five-year appreciation sums $100,152 alongside rental yield of 7.86%. Five-year ROI measures 104.35% and total cumulative return in cash totals $125,390.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,375/mo property income versus a $1,774/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
0.25 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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