612 S Olive StJeffersonIA50129
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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 Jefferson at 612 S Olive St, Jefferson, IA, 50129 offers a 9.01% rental yield on a $140,000 purchase with $1,051/mo rent. Total monthly income registers $1,051/mo, and a $685/mo payment leaves $103/mo available for distribution. Annual cash flow reaches $1,236/yr on $46,410 to close, and return on cash invested stands at 22.57% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,679 over five years. Portfolio math shows five-year ROI at 118.01% and total cumulative return in cash at $54,766. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,051/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1924
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50129, Jefferson, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,488 (100%) |
| Owner Occupied HU | 1,673 (67.2%) |
| Renter Occupied HU | 554 (22.3%) |
| Vacant Housing Units | 261 (10.5%) |
| Median Home Value | $156,860 |
| Average Home Value | $174,928 |
Housing Distribution
Address Breakdown
Residential
2,339
Single Family
2,228
Multi-Family
111
Businesses
268
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Listed by: Nicole Uebel • RE/MAX Legacy
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6326035
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.