604 3rd Ave NNorthwoodIA50459
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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 Northwood at 604 3rd Ave N, Northwood, IA, 50459 priced at $166,200 pairs $0/mo rent with after a $813/mo payment. Total monthly income equals $0/mo. Return on cash invested is -3.59% in year one, and rental yield stands at 0% on a $166,200 basis. Equity gained on principal adds $1,072/yr, and 5% annual appreciation accumulates to $45,918 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $0/mo property income against a $813/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50459, Northwood, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,430 (100%) |
| Owner Occupied HU | 1,017 (71.1%) |
| Renter Occupied HU | 280 (19.6%) |
| Vacant Housing Units | 133 ( 9.3%) |
| Median Home Value | $164,982 |
| Average Home Value | $208,373 |
Housing Distribution
Address Breakdown
Residential
1,321
Single Family
1,217
Multi-Family
104
Businesses
135
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Kristine Gordon • Realty ONE Group Black Diamond
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6326689
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.