603 S Broadway AveWest BendIA50597
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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 West Bend at 603 S Broadway Ave, West Bend, IA, 50597 priced at $179,000 converts $1,414/mo rent into $252/mo cash flow after a $876/mo obligation. Total monthly income equals $1,414/mo, and annual cash flow totals $3,019/yr on $59,339 invested. Return on cash invested prints 25% in year one, and rental yield reads 9.48% against a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation compiles into $49,454 by year five. Five-year ROI reaches 130.56% and total cumulative return in cash sums $77,475. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,414/mo property income covering a $876/mo payment, not borrower’s personal income.
Single Family
Built in 1958
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50597, West Bend, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 556 (100%) |
| Owner Occupied HU | 421 (75.7%) |
| Renter Occupied HU | 93 (16.7%) |
| Vacant Housing Units | 42 ( 7.6%) |
| Median Home Value | $177,404 |
| Average Home Value | $240,125 |
Housing Distribution
Address Breakdown
Residential
304
Single Family
270
Multi-Family
34
Businesses
71
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Listed by: Pamela Yegge • EXIT Realty Home/Land Properties
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6323349
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.