522 3rd Ave NWOelweinIA50662
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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
Rental property for sale in Oelwein at 522 3rd Ave NW, Oelwein, IA, 50662 priced at $132,000 converts $1,225/mo rent into $368/mo cash flow after a $646/mo obligation. Total monthly income equals $1,225/mo, and annual cash flow totals $4,414/yr on $43,758 invested. Return on cash invested prints 30% in year one, and rental yield reads 11.14% against a $132,000 entry. Equity gained on principal adds $852/yr, while 5% annual appreciation compiles into $36,469 by year five. Five-year ROI reaches 157.34% and total cumulative return in cash sums $68,851. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,225/mo property income covering a $646/mo payment, not borrower’s personal income.
Single Family
Built in 1958
8,276 sqft lot
$N/A/sqft
No HOA
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Listed by: Erica Bushaw • Century 21 Signature Real Estate - Oelwein
Mls Name: Northeast Iowa Regional BOR
Mls Provider:
Mls ID: #20252127
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