602 Wagner StDuncombeIA50532
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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 Duncombe at 602 Wagner St, Duncombe, IA, 50532 generates $1,094/mo in rent and, after a $709/mo payment, leaves $153/mo in cash flow. Total monthly income is $1,094/mo, and annual cash flow is $1,838/yr on $48,034 invested. Return on cash invested sits at 23.74% in year one, and rental yield is 9.06% on a $144,900 entry. Equity gained on principal adds $935/yr, while 5% annual appreciation builds toward $40,033 over five years. Five-year ROI reaches 123.84% and total cumulative return in cash sums $59,485. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,094/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50532, Duncombe, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 402 (100%) |
| Owner Occupied HU | 284 (70.6%) |
| Renter Occupied HU | 61 (15.2%) |
| Vacant Housing Units | 57 (14.2%) |
| Median Home Value | $305,224 |
| Average Home Value | $282,139 |
Housing Distribution
Address Breakdown
Residential
260
Single Family
260
Multi-Family
0
Businesses
23
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