608 1st St SEBelmondIA50421
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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 Belmond at 608 1st St SE, Belmond, IA, 50421 earns from $0/mo rent with a $954/mo payment. Total monthly income totals $0/mo. ROI tracks -3.59% on current figures, and rental yield reads 0% at a $195,000 purchase. Equity gained on principal adds $1,258/yr, and 5% annual appreciation supports $53,875 over five years. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $0/mo property income instead of your personal income.
Single Family
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50421, Belmond, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,443 (100%) |
| Owner Occupied HU | 943 (65.3%) |
| Renter Occupied HU | 322 (22.3%) |
| Vacant Housing Units | 178 (12.3%) |
| Median Home Value | $128,194 |
| Average Home Value | $183,953 |
Housing Distribution
Address Breakdown
Residential
1,336
Single Family
1,211
Multi-Family
125
Businesses
129
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