616 2nd StEvansdaleIA50707
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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 Evansdale at 616 2nd St, Evansdale, IA, 50707 uses $43,924 cash to close to unlock $1,836/yr annual cash flow and $153/mo monthly cash flow. Total monthly income runs $1,014/mo, and a $649/mo payment keeps the spread at $153/mo. Purchase price stands at $132,500, and rental yield measures 9.18% with $1,014/mo rent. Return on cash invested shows 24.09% in year one, and 5% annual appreciation builds toward $36,607 over five years. Five-year ROI reaches 125.64% and total cumulative return in cash records $55,184. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,014/mo property income covering a $649/mo payment rather than investor’s personal income.
Single Family
Built in 1930
7,405 sqft lot
$N/A/sqft
No HOA
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