517 10th StFort MadisonIA52627
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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 Fort Madison at 517 10th St, Fort Madison, IA, 52627 uses $49,394 cash to close to unlock $5,671/yr annual cash flow and $473/mo monthly cash flow. Total monthly income runs $1,440/mo, and a $729/mo payment keeps the spread at $473/mo. Purchase price stands at $149,000, and rental yield measures 11.6% with $1,440/mo rent. Return on cash invested shows 31.39% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 164.85% and total cumulative return in cash records $81,424. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,440/mo property income covering a $729/mo payment rather than investor’s personal income.
Single Family
Built in 1900
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52627, Fort Madison, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,939 (100%) |
| Owner Occupied HU | 3,809 (64.1%) |
| Renter Occupied HU | 1,362 (22.9%) |
| Vacant Housing Units | 768 (12.9%) |
| Median Home Value | $150,116 |
| Average Home Value | $194,161 |
Housing Distribution
Address Breakdown
Residential
5,523
Single Family
5,161
Multi-Family
362
Businesses
481
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Listed by: Kara L Morrow • KLM Realty
Mls Name: NoCoast MLS as distributed by MLS GRID
Mls ID: #6328635