602 Washington AveLowdenIA52255
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 Lowden at 602 Washington Ave, Lowden, IA, 52255 offers $1,196/mo rent that, after a $778/mo payment, leaves $164/mo cash flow. Total monthly income is $1,196/mo, and annual cash flow is $1,963/yr on $52,709 cash. Return on cash invested measures 23.63% in year one, and rental yield stands at 9.03% at a $159,000 entry. Equity gained on principal adds $1,026/yr while 5% annual appreciation compounds into $43,929 by year five. Five-year ROI records 123.24% and total cumulative return in cash reaches $64,956. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,196/mo property income versus a $778/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52255, Lowden, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 545 (100%) |
| Owner Occupied HU | 411 (75.4%) |
| Renter Occupied HU | 100 (18.3%) |
| Vacant Housing Units | 34 ( 6.2%) |
| Median Home Value | $179,808 |
| Average Home Value | $231,819 |
Housing Distribution
Address Breakdown
Residential
264
Single Family
249
Multi-Family
15
Businesses
39
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices