602 Wyoming AveCrestonIA50801
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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 Creston at 602 Wyoming Ave, Creston, IA, 50801 priced at $165,000 converts $1,298/mo rent into $226/mo cash flow after a $808/mo obligation. Total monthly income equals $1,298/mo, and annual cash flow totals $2,712/yr on $54,698 invested. Return on cash invested prints 24.87% in year one, and rental yield reads 9.44% against a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation compiles into $45,586 by year five. Five-year ROI reaches 129.79% and total cumulative return in cash sums $70,991. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,298/mo property income covering a $808/mo payment, not borrower’s personal income.
Single Family
Built in 1890
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50801, Creston, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,417 (100%) |
| Owner Occupied HU | 2,674 (60.5%) |
| Renter Occupied HU | 1,246 (28.2%) |
| Vacant Housing Units | 497 (11.3%) |
| Median Home Value | $133,418 |
| Average Home Value | $182,572 |
Housing Distribution
Address Breakdown
Residential
3,973
Single Family
3,619
Multi-Family
354
Businesses
385
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Listed by: Nancy E Loudon • Chris Lane Real Estate
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6326292
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.