516 W Summit StWintersetIA50273
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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 Winterset at 516 W Summit St, Winterset, IA, 50273 at $174,900 posts ROI 29.56% with $466/mo cash flow from $1,602/mo rent. Total monthly income equals $1,602/mo, and annual cash flow records $5,594/yr on $57,979 to close. Return on cash invested measures 29.56% and rental yield reads 10.99% at the current $174,900. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,322 by year five. Five-year ROI prints 155.04% and total cumulative return in cash totals $89,892.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,602/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1890
0.30 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
3,690
Single Family
3,511
Multi-Family
179
Businesses
308
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Listed by: Betsy Breeding • Realty ONE Group Impact
Mls Name: DMMLS
Mls Provider:
Mls ID: #708897
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.