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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Tiffin at 604 Iris Ave, Tiffin, IA, 52340 offers a 11.29% rental yield on a $150,000 purchase with $1,411/mo rent. Total monthly income registers $1,411/mo, and a $734/mo payment leaves $302/mo available for distribution. Annual cash flow reaches $3,624/yr on $49,725 to close, and return on cash invested stands at 27.2% in year one. Equity gained on principal adds $968/yr while 5% annual appreciation supports $41,442 over five years. Portfolio math shows five-year ROI at 143.46% and total cumulative return in cash at $71,334. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,411/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1997
N/A lot
$N/A/sqft
$1,620 annually HOA
Neighborhood data shown for ZIP Code: 52340, Tiffin, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,399 (100%) |
| Owner Occupied HU | 1,622 (67.6%) |
| Renter Occupied HU | 534 (22.3%) |
| Vacant Housing Units | 243 (10.1%) |
| Median Home Value | $343,688 |
| Average Home Value | $346,595 |
Residential
2,445
Single Family
2,168
Multi-Family
277
Businesses
140
Date | Event | Price |
|---|---|---|
| 2024-09-06 | Listed for sale | $150,000 |
| 2014-04-17 | Sold | $86,000 |
| 2014-02-19 | Listed for sale | $86,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $2086.35 | 1.08% | $118,200 | 13.76% |
| 2022-10-14 | $2064.02 | 6.72% | $103,900 | N/A |
| 2021-10-14 | $1934.00 | 2.11% | $103,900 | 11.60% |
Listed by: Nicholas Gulick • Keller Williams Legacy Group
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202405136
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed accurate by the MLS.
