61 Washburn St NRiversideIA52327
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Riverside at 61 Washburn St N, Riverside, IA, 52327 priced at $188,000 converts $1,416/mo rent into $195/mo cash flow after a $920/mo obligation. Total monthly income equals $1,416/mo, and annual cash flow totals $2,342/yr on $62,322 invested. Return on cash invested prints 23.67% in year one, and rental yield reads 9.04% against a $188,000 entry. Equity gained on principal adds $1,213/yr, while 5% annual appreciation compiles into $51,941 by year five. Five-year ROI reaches 123.48% and total cumulative return in cash sums $76,952. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,416/mo property income covering a $920/mo payment, not borrower’s personal income.
Single Family
Built in 1900
3,060 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52327, Riverside, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,393 (100%) |
| Owner Occupied HU | 1,000 (71.8%) |
| Renter Occupied HU | 293 (21.0%) |
| Vacant Housing Units | 100 ( 7.2%) |
| Median Home Value | $294,413 |
| Average Home Value | $346,665 |
Housing Distribution
Address Breakdown
Residential
1,098
Single Family
1,098
Multi-Family
0
Businesses
70
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices