511 3rd StParkersburgIA50665
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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 Parkersburg at 511 3rd St, Parkersburg, IA, 50665 with 5% annual appreciation on a $232,900 basis while $1,384/mo rent supports operations. 91% in year one. Equity gained on principal adds $1,503/yr, and five-year appreciation sums $64,346 alongside rental yield of 7.13%. Five-year ROI measures 92.55% and total cumulative return in cash totals $71,453. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,384/mo property income versus a $1,140/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1907
7,187 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50665, Parkersburg, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,355 (100%) |
| Owner Occupied HU | 1,008 (74.4%) |
| Renter Occupied HU | 236 (17.4%) |
| Vacant Housing Units | 111 ( 8.2%) |
| Median Home Value | $229,118 |
| Average Home Value | $246,528 |
Housing Distribution
Address Breakdown
Residential
1,177
Single Family
1,118
Multi-Family
59
Businesses
98
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Listed by: Chad Campbell • Campbell-Mellema Realty, LLC
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20254875