520 State StFarmingtonIA52626
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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 Farmington at 520 State St, Farmington, IA, 52626 priced at $295,900 converts $1,132/mo rent into after a $1,448/mo obligation. Total monthly income equals $1,132/mo. Return on cash invested prints 10.25% in year one, and rental yield reads 4.59% against a $295,900 entry. Equity gained on principal adds $1,909/yr, while 5% annual appreciation compiles into $81,752 by year five. Five-year ROI reaches 51.48% and total cumulative return in cash sums $50,493. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,132/mo property income covering a $1,448/mo payment, not borrower’s personal income.
Single Family
Built in 1922
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52626, Farmington, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 553 (100%) |
| Owner Occupied HU | 393 (71.1%) |
| Renter Occupied HU | 86 (15.6%) |
| Vacant Housing Units | 74 (13.4%) |
| Median Home Value | $149,342 |
| Average Home Value | $184,707 |
Housing Distribution
Address Breakdown
Residential
440
Single Family
418
Multi-Family
22
Businesses
35
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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