602 E Sunrise StNew HamptonIA50659
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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 New Hampton at 602 E Sunrise St, New Hampton, IA, 50659 listed at $209,000 pairs $1,462/mo rent with a $1,023/mo payment to leave $105/mo cash flow. Total monthly income runs $1,462/mo, and annual cash flow reaches $1,255/yr on $69,284 cash to close. Return on cash invested measures 21.72% in year one, and rental yield registers 8.39% at a $209,000 basis. Equity gained on principal adds $1,349/yr, and annual property appreciation at 5% supports $57,743 by year five. Five-year ROI tracks 112.98% and total cumulative return in cash totals $78,278. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,462/mo property income relative to a $1,023/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1967
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50659, New Hampton, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,449 (100%) |
| Owner Occupied HU | 1,676 (68.4%) |
| Renter Occupied HU | 537 (21.9%) |
| Vacant Housing Units | 236 ( 9.6%) |
| Median Home Value | $202,222 |
| Average Home Value | $232,090 |
Housing Distribution
Address Breakdown
Residential
2,286
Single Family
2,186
Multi-Family
100
Businesses
249
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Listed by: Wes Gielau • RE/MAX Alliance
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20253338