602 W Stone StWintersetIA50273
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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
Rental property for sale in Winterset at 602 W Stone St, Winterset, IA, 50273 offers $2,162/mo rent that, after a $1,566/mo payment, leaves $80/mo cash flow. Total monthly income is $2,162/mo, and annual cash flow is $965/yr on $106,047 cash. Return on cash invested measures 20.82% in year one, and rental yield stands at 8.11% at a $319,900 entry. Equity gained on principal adds $2,064/yr while 5% annual appreciation compounds into $88,382 by year five. Five-year ROI records 108.16% and total cumulative return in cash reaches $114,704. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,162/mo property income versus a $1,566/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2020
6,969 sqft lot
$N/A/sqft
$45 annually 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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Listed by: Ryan Rohlf • Keller Williams Legacy Group
Mls Name: CIBR
Mls Provider:
Mls ID: #66307
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not accurate.