602 North StMaxwellIA50161
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 Maxwell at 602 North St, Maxwell, IA, 50161 priced at $249,900 pairs $1,360/mo rent with after a $1,223/mo payment. Total monthly income equals $1,360/mo. Return on cash invested is 16.1% in year one, and rental yield stands at 6.53% on a $249,900 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,043 by year five. Five-year ROI measures 82.89% and total cumulative return in cash reaches $68,666. For financing, Ziffy Mortgage’s DSCR program evaluates $1,360/mo property income against a $1,223/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1979
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50161, Maxwell, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 851 (100%) |
| Owner Occupied HU | 671 (78.8%) |
| Renter Occupied HU | 106 (12.5%) |
| Vacant Housing Units | 74 ( 8.7%) |
| Median Home Value | $356,333 |
| Average Home Value | $388,420 |
Housing Distribution
Address Breakdown
Residential
733
Single Family
733
Multi-Family
0
Businesses
34
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