517 2nd Ave ECoggonIA52218
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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 Coggon at 517 2nd Ave E, Coggon, IA, 52218 listed at $139,500 pairs $1,394/mo rent with a $683/mo payment to leave $488/mo cash flow. Total monthly income runs $1,394/mo, and annual cash flow reaches $5,854/yr on $46,244 cash to close. Return on cash invested measures 32.57% in year one, and rental yield registers 11.99% at a $139,500 basis. Equity gained on principal adds $900/yr, and annual property appreciation at 5% supports $38,541 by year five. Five-year ROI tracks 171.16% and total cumulative return in cash totals $79,149. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,394/mo property income relative to a $683/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1910
10,802 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52218, Coggon, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 800 (100%) |
| Owner Occupied HU | 614 (76.7%) |
| Renter Occupied HU | 110 (13.7%) |
| Vacant Housing Units | 76 ( 9.5%) |
| Median Home Value | $252,885 |
| Average Home Value | $355,464 |
Housing Distribution
Address Breakdown
Residential
556
Single Family
548
Multi-Family
8
Businesses
25
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Listed by: Heather Aswegan • Keller Williams Legacy Group
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2503949
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.