515 Main StIowa FallsIA50126
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Iowa Falls at 515 Main St, Iowa Falls, IA, 50126 offers $958/mo rent that, after a $524/mo payment, leaves $263/mo cash flow. Total monthly income is $958/mo, and annual cash flow is $3,154/yr on $35,471 cash. Return on cash invested measures 28.8% in year one, and rental yield stands at 10.74% at a $107,000 entry. Equity gained on principal adds $690/yr while 5% annual appreciation compounds into $29,562 by year five. Five-year ROI records 150.94% and total cumulative return in cash reaches $53,538. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $958/mo property income versus a $524/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1914
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50126, Iowa Falls, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,098 (100%) |
| Owner Occupied HU | 1,928 (62.2%) |
| Renter Occupied HU | 779 (25.1%) |
| Vacant Housing Units | 391 (12.6%) |
| Median Home Value | $134,118 |
| Average Home Value | $157,281 |
Housing Distribution
Address Breakdown
Residential
2,960
Single Family
2,739
Multi-Family
221
Businesses
386
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Listed by: Heather Schachtner • Ferris Real Estate
Mls Name: NoCoast MLS
Mls ID: #6331706