614 1st Ave ECascadeIA52033
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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 Cascade at 614 1st Ave E, Cascade, IA, 52033 generates $1,661/mo in rent and, after a $954/mo payment, leaves $395/mo in cash flow. Total monthly income is $1,661/mo, and annual cash flow is $4,740/yr on $64,643 invested. Return on cash invested sits at 27.24% in year one, and rental yield is 10.22% on a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 142.55% and total cumulative return in cash sums $92,146. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,661/mo property income rather than buyer’s personal income.
Single Family
Built in 1895
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52033, Cascade, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,534 (100%) |
| Owner Occupied HU | 1,113 (72.6%) |
| Renter Occupied HU | 315 (20.5%) |
| Vacant Housing Units | 106 ( 6.9%) |
| Median Home Value | $269,817 |
| Average Home Value | $322,707 |
Housing Distribution
Address Breakdown
Residential
1,139
Single Family
1,013
Multi-Family
126
Businesses
116
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Listed by: Steve Nemmers • Nemmers Realty
Mls Name: East Central Iowa AOR
Mls Provider:
Mls ID: #152459
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.