618 Central AveCenter PointIA52213
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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 Center Point at 618 Central Ave, Center Point, IA, 52213 with 5% annual appreciation on a $225,000 basis while $2,171/mo rent supports operations. Total monthly income totals $2,171/mo and a $1,101/mo payment preserves $710/mo for cash returns. Annual cash flow comes to $8,520/yr on $74,588 deployed, and return on cash invested reaches 31.33% in year one. Equity gained on principal adds $1,452/yr, and five-year appreciation sums $62,163 alongside rental yield of 11.58%. Five-year ROI measures 164.48% and total cumulative return in cash totals $122,685.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,171/mo property income versus a $1,101/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1958
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52213, Center Point, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,816 (100%) |
| Owner Occupied HU | 1,476 (81.3%) |
| Renter Occupied HU | 241 (13.3%) |
| Vacant Housing Units | 99 ( 5.5%) |
| Median Home Value | $296,561 |
| Average Home Value | $399,499 |
Housing Distribution
Address Breakdown
Residential
1,600
Single Family
1,600
Multi-Family
0
Businesses
77
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Listed by: Jim Willmsen • RE/MAX CONCEPTS
Mls Name: CRAAR, CDRMLS
Mls ID: #2507455