513 E Wood St #201AvocaIA51521
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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 Avoca at 513 E Wood St #201, Avoca, IA, 51521 offers a 9.61% rental yield on a $415,000 purchase with $3,322/mo rent. Total monthly income registers $3,322/mo, and a $2,031/mo payment leaves $627/mo available for distribution. Annual cash flow reaches $7,524/yr on $137,573 to close, and return on cash invested stands at 25.38% in year one. Equity gained on principal adds $2,678/yr while 5% annual appreciation supports $114,657 over five years. Portfolio math shows five-year ROI at 132.56% and total cumulative return in cash at $182,361. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,322/mo property income against a $2,031/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2024
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51521, Avoca, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,022 (100%) |
| Owner Occupied HU | 699 (68.4%) |
| Renter Occupied HU | 234 (22.9%) |
| Vacant Housing Units | 89 ( 8.7%) |
| Median Home Value | $221,701 |
| Average Home Value | $236,273 |
Housing Distribution
Address Breakdown
Residential
649
Single Family
629
Multi-Family
20
Businesses
87
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