602 E 3rd St, Sanborn, IA, 51248 | 6.7% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
4 Bath
1584 sft

211 N 6th Ave W, Hartley, IA, 51346

3 Bed
2 Bath
1712 sft

1121 10th St, Sheldon, IA, 51201

3 Bed
2 Bath
1674 sft

209 6th Ave N, Hospers, IA, 51238

3 Bed
2 Bath
1930 sft

705 8th St, Sheldon, IA, 51201

Nearby investment properties with comparable prices

3 Bed
3 Bath
2711 sft

403 Walnut Dr, Sibley, IA, 51249

4 Bed
4 Bath
3233 sft

405 5th St, Sibley, IA, 51249

2 Bed
2 Bath
1500 sft

621 7th St, Sheldon, IA, 51201

2 Bed
2 Bath
1500 sft

615 7th St, Sheldon, IA, 51201

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Sanborn at 602 E 3rd St, Sanborn, IA, 51248 at $384,000 posts ROI 16.61% with from $2,143/mo rent. Total monthly income equals $2,143/mo. Return on cash invested measures 16.61% and rental yield reads 6.7% at the current $384,000. Equity gained on principal adds $2,478/yr, and 5% annual appreciation supports $106,092 by year five. Five-year ROI prints 85.54% and total cumulative return in cash totals $108,884. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,143/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1999

0.51 Acres lot

$N/A/sqft

No HOA