513 W Hutchings St, Winterset, IA, 50273 | 7.06% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Winterset at 513 W Hutchings St, Winterset, IA, 50273 generates $1,412/mo in rent, after a $1,174/mo payment. Total monthly income is $1,412/mo. Return on cash invested sits at 17.71% in year one, and rental yield is 7.06% on a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 91.49% and total cumulative return in cash sums $72,763. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,412/mo property income rather than buyer’s personal income.

Single Family

Built in 1890

0.38 Acres lot

$N/A/sqft

No HOA

More details about the property

Charming Remodeled Cottage with Modern Upgrades and Expansive Lot!! Step into this beautifully remodeled 1890 cottage-style home, offering 3 bedrooms and 1.5 bathrooms. Thoughtfully updated throughout, this residence blends historic character with modern convenience. - Brand-new flooring and windows throughout - New central air system for year-round comfort - Upgraded plumbing and electrical systems - Beautiful kitchen featuring custom Amish-built cabinetry, quartz countertops, and a generous walk-in pantry - 9-foot ceilings enhance the sense of space and light - Situated on a substantial 80 x 205 lot, providing ample space for a future garage, workshop, or outdoor living area - Recent survey completed in 2025 - Just 3 blocks from the local hospital - Within 5 blocks of area schools - Nestled in a peaceful, quiet neighborhood This home offers the perfect blend of classic charm and contemporary updates, all in a prime location. Dont miss your chance to own a piece of history with modern comfort.

Neighborhood Data

Neighborhood data shown for ZIP Code: 50273, Winterset, IA area.

Housing Distribution

Housing Statistics

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