609 12th StFort MadisonIA52627
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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 Fort Madison at 609 12th St, Fort Madison, IA, 52627 generates $956/mo in rent and, after a $587/mo payment, leaves $177/mo in cash flow. Total monthly income is $956/mo, and annual cash flow is $2,124/yr on $39,780 invested. Return on cash invested sits at 25.25% in year one, and rental yield is 9.56% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 131.84% and total cumulative return in cash sums $52,447. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $956/mo property income rather than buyer’s personal income.
Single Family
Built in 1921
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52627, Fort Madison, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,939 (100%) |
| Owner Occupied HU | 3,809 (64.1%) |
| Renter Occupied HU | 1,362 (22.9%) |
| Vacant Housing Units | 768 (12.9%) |
| Median Home Value | $150,116 |
| Average Home Value | $194,161 |
Housing Distribution
Address Breakdown
Residential
5,523
Single Family
5,161
Multi-Family
362
Businesses
481
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Listed by: Tiffini Brockway • RE/MAX Real Estate Specialists
Mls Name: NoCoast MLS as distributed by MLS GRID
Mls ID: #6334859