53 13th Ave WAlbiaIA52531
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 Albia at 53 13th Ave W, Albia, IA, 52531 generates $995/mo in rent, after a $759/mo payment. Total monthly income is $995/mo. Return on cash invested sits at 19.63% in year one, and rental yield is 7.7% on a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 101.74% and total cumulative return in cash sums $52,276. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $995/mo property income rather than buyer’s personal income.
Manufactured
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52531, Albia, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,708 (100%) |
| Owner Occupied HU | 1,795 (66.3%) |
| Renter Occupied HU | 630 (23.3%) |
| Vacant Housing Units | 283 (10.5%) |
| Median Home Value | $163,902 |
| Average Home Value | $231,592 |
Housing Distribution
Address Breakdown
Residential
2,469
Single Family
2,400
Multi-Family
69
Businesses
245
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brown, Mollie • Iowa Realty South
Mls Name: DMMLS
Mls Provider:
Mls ID: #703123
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.