607 1st AveFloydIA50435
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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
Investment property for sale in Floyd at 607 1st Ave, Floyd, IA, 50435 listed at $149,999 pairs $1,328/mo rent with a $734/mo payment to leave $354/mo cash flow. Total monthly income runs $1,328/mo, and annual cash flow reaches $4,248/yr on $49,725 cash to close. Return on cash invested measures 28.45% in year one, and rental yield registers 10.62% at a $149,999 basis. Equity gained on principal adds $968/yr, and annual property appreciation at 5% supports $41,442 by year five. Five-year ROI tracks 149.03% and total cumulative return in cash totals $74,106. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,328/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1963
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50435, Floyd, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 326 (100%) |
| Owner Occupied HU | 271 (83.1%) |
| Renter Occupied HU | 39 (12.0%) |
| Vacant Housing Units | 16 ( 4.9%) |
| Median Home Value | $251,042 |
| Average Home Value | $300,803 |
Housing Distribution
Address Breakdown
Residential
215
Single Family
215
Multi-Family
0
Businesses
13
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