601 1st AveVan HorneIA52346
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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
Investment property for sale in Van Horne at 601 1st Ave, Van Horne, IA, 52346 uses $56,024 cash to close to unlock $8,491/yr annual cash flow and $708/mo monthly cash flow. Total monthly income runs $1,805/mo, and a $827/mo payment keeps the spread at $708/mo. Purchase price stands at $169,000, and rental yield measures 12.82% with $1,805/mo rent. Return on cash invested shows 35.07% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 184.54% and total cumulative return in cash records $103,387. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,805/mo property income covering a $827/mo payment rather than investor’s personal income.
Single Family
Built in 1963
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52346, Van Horne, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 498 (100%) |
| Owner Occupied HU | 371 (74.5%) |
| Renter Occupied HU | 97 (19.5%) |
| Vacant Housing Units | 30 ( 6.0%) |
| Median Home Value | $198,897 |
| Average Home Value | $234,805 |
Housing Distribution
Address Breakdown
Residential
336
Single Family
311
Multi-Family
25
Businesses
38
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Listed by: Dan Kaestner • IOWA REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2406980
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.