614 E 2nd StWashingtonIA52353
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 Washington at 614 E 2nd St, Washington, IA, 52353 priced at $107,500 converts $1,812/mo rent into $1,112/mo cash flow after a $526/mo obligation. Total monthly income equals $1,812/mo, and annual cash flow totals $13,340/yr on $35,636 invested. Return on cash invested prints 57.34% in year one, and rental yield reads 20.23% against a $107,500 entry. Equity gained on principal adds $694/yr, while 5% annual appreciation compiles into $29,700 by year five. Five-year ROI reaches 304.02% and total cumulative return in cash sums $108,343. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,812/mo property income covering a $526/mo payment, not borrower’s personal income.
Single Family
Built in 1900
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52353, Washington, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,106 (100%) |
| Owner Occupied HU | 2,697 (65.7%) |
| Renter Occupied HU | 1,115 (27.2%) |
| Vacant Housing Units | 294 ( 7.2%) |
| Median Home Value | $173,592 |
| Average Home Value | $231,948 |
Housing Distribution
Address Breakdown
Residential
3,946
Single Family
3,655
Multi-Family
291
Businesses
429
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Nearby investment properties with comparable prices
Listed by: Jenny Morgan • Elliott Realty Group
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202405013
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed accurate by the MLS.