608 2nd 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 608 2nd Ave, Floyd, IA, 50435 offers a 9.83% rental yield on a $127,500 purchase with $1,044/mo rent. Total monthly income registers $1,044/mo, and a $624/mo payment leaves $216/mo available for distribution. Annual cash flow reaches $2,592/yr on $42,266 to close, and return on cash invested stands at 26.04% in year one. Equity gained on principal adds $823/yr while 5% annual appreciation supports $35,226 over five years. Portfolio math shows five-year ROI at 136.13% and total cumulative return in cash at $57,538. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,044/mo property income against a $624/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
N/A 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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Listed by: Jenna Sheriff • Jane Fischer & Associates Llc
Mls Name: Greater Mason BOR
Mls Provider:
Mls ID: #250446
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.