518 Webster StMerrillIA51038
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 Merrill at 518 Webster St, Merrill, IA, 51038 offers $2,288/mo rent that, after a $1,578/mo payment, leaves $194/mo cash flow. Total monthly income is $2,288/mo, and annual cash flow is $2,328/yr on $106,909 cash. Return on cash invested measures 22.09% in year one, and rental yield stands at 8.51% at a $322,500 entry. Equity gained on principal adds $2,081/yr while 5% annual appreciation compounds into $89,101 by year five. Five-year ROI records 114.91% and total cumulative return in cash reaches $122,852. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,288/mo property income versus a $1,578/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1992
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51038, Merrill, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 603 (100%) |
| Owner Occupied HU | 480 (79.6%) |
| Renter Occupied HU | 82 (13.6%) |
| Vacant Housing Units | 41 ( 6.8%) |
| Median Home Value | $234,848 |
| Average Home Value | $296,286 |
Housing Distribution
Address Breakdown
Residential
394
Single Family
394
Multi-Family
0
Businesses
37
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Julie Hurt • Century 21 ProLink - Le Mars
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #825833
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.