603 N Main StStuartIA50250
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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 Stuart at 603 N Main St, Stuart, IA, 50250 offers $1,164/mo rent that, after a $1,023/mo payment. Total monthly income is $1,164/mo. Return on cash invested measures 16.56% in year one, and rental yield stands at 6.68% at a $209,000 entry. Equity gained on principal adds $1,349/yr while 5% annual appreciation compounds into $57,743 by year five. Five-year ROI records 85.32% and total cumulative return in cash reaches $59,114. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,164/mo property income versus a $1,023/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1880
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50250, Stuart, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,137 (100%) |
| Owner Occupied HU | 750 (66.0%) |
| Renter Occupied HU | 236 (20.8%) |
| Vacant Housing Units | 151 (13.3%) |
| Median Home Value | $197,000 |
| Average Home Value | $221,707 |
Housing Distribution
Address Breakdown
Residential
933
Single Family
869
Multi-Family
64
Businesses
102
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Listed by: James Hibbs • LPT Realty, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #703496
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.