59 E Washington 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 59 E Washington St, Winterset, IA, 50273 offers $1,370/mo rent that, after a $651/mo payment, leaves $506/mo cash flow. Total monthly income is $1,370/mo, and annual cash flow is $6,074/yr on $44,090 cash. Return on cash invested measures 33.69% in year one, and rental yield stands at 12.36% at a $133,000 entry. Equity gained on principal adds $858/yr while 5% annual appreciation compounds into $36,745 by year five. Five-year ROI records 177.23% and total cumulative return in cash reaches $78,141. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,370/mo property income versus a $651/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1880
7,405 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
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