520 W Madison StWintersetIA50273
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 Winterset at 520 W Madison St, Winterset, IA, 50273 priced at $215,000 pairs $1,510/mo rent with $114/mo cash flow after a $1,052/mo payment. Total monthly income equals $1,510/mo, and annual cash flow comes to $1,368/yr on $71,273 invested. Return on cash invested is 21.83% in year one, and rental yield stands at 8.43% on a $215,000 basis. Equity gained on principal adds $1,387/yr, and 5% annual appreciation accumulates to $59,401 by year five. Five-year ROI measures 113.53% and total cumulative return in cash reaches $80,917. For financing, Ziffy Mortgage’s DSCR program evaluates $1,510/mo property income against a $1,052/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2022
2,178 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices