510 W 3rd StWashingtonIA52353
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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 Washington at 510 W 3rd St, Washington, IA, 52353 listed at $129,900 pairs $979/mo rent with a $636/mo payment to leave $135/mo cash flow. Total monthly income runs $979/mo, and annual cash flow reaches $1,622/yr on $43,062 cash to close. Return on cash invested measures 23.68% in year one, and rental yield registers 9.04% at a $129,900 basis. Equity gained on principal adds $838/yr, and annual property appreciation at 5% supports $35,889 by year five. Five-year ROI tracks 123.52% and total cumulative return in cash totals $53,191. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $979/mo property income relative to a $636/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52353, Washington, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,106 (100%) |
| Owner Occupied HU | 2,697 (65.7%) |
| Renter Occupied HU | 1,115 (27.2%) |
| Vacant Housing Units | 294 ( 7.2%) |
| Median Home Value | $173,592 |
| Average Home Value | $231,948 |
Housing Distribution
Address Breakdown
Residential
3,946
Single Family
3,655
Multi-Family
291
Businesses
429
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Listed by: Jessica Hochstedler Yoder • KALONA REALTY, INC.
Mls Name: Iowa City Area AOR
Mls ID: #202600016