702 1st Ave NWBrittIA50423
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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 Britt at 702 1st Ave NW, Britt, IA, 50423 offers a 8.46% rental yield on a $325,000 purchase with $2,291/mo rent. Total monthly income registers $2,291/mo, and a $1,591/mo payment leaves $180/mo available for distribution. Annual cash flow reaches $2,160/yr on $107,738 to close, and return on cash invested stands at 21.91% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,792 over five years. Portfolio math shows five-year ROI at 113.98% and total cumulative return in cash at $122,797. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,291/mo property income against a $1,591/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1992
9,757 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50423, Britt, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,331 (100%) |
| Owner Occupied HU | 895 (67.2%) |
| Renter Occupied HU | 268 (20.1%) |
| Vacant Housing Units | 168 (12.6%) |
| Median Home Value | $126,103 |
| Average Home Value | $168,517 |
Housing Distribution
Address Breakdown
Residential
1,209
Single Family
1,137
Multi-Family
72
Businesses
115
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