628 Avenue FFort MadisonIA52627
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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 Fort Madison at 628 Avenue F, Fort Madison, IA, 52627 priced at $239,500 converts $1,440/mo rent into after a $1,172/mo obligation. Total monthly income equals $1,440/mo. Return on cash invested prints 18.17% in year one, and rental yield reads 7.22% against a $239,500 entry. Equity gained on principal adds $1,545/yr, while 5% annual appreciation compiles into $66,169 by year five. Five-year ROI reaches 93.91% and total cumulative return in cash sums $74,557. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,440/mo property income covering a $1,172/mo payment, not borrower’s personal income.
Multi Family
Built in 1928
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52627, Fort Madison, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,939 (100%) |
| Owner Occupied HU | 3,809 (64.1%) |
| Renter Occupied HU | 1,362 (22.9%) |
| Vacant Housing Units | 768 (12.9%) |
| Median Home Value | $150,116 |
| Average Home Value | $194,161 |
Housing Distribution
Address Breakdown
Residential
5,523
Single Family
5,161
Multi-Family
362
Businesses
481
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Listed by: Carla L McEntee • Fraise Auction & Real Estate
Mls Name: NoCoast MLS as distributed by MLS GRID
Mls ID: #6329815