705 Ironwood AveWoodwardIA50276
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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 Woodward at 705 Ironwood Ave, Woodward, IA, 50276 generates $2,548/mo in rent and, after a $1,884/mo payment, leaves $48/mo in cash flow. Total monthly income is $2,548/mo, and annual cash flow is $576/yr on $127,628 invested. Return on cash invested sits at 20.36% in year one, and rental yield is 7.94% on a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 105.64% and total cumulative return in cash sums $134,830. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,548/mo property income rather than buyer’s personal income.
Single Family
Built in 2019
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50276, Woodward, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 969 (100%) |
| Owner Occupied HU | 729 (75.2%) |
| Renter Occupied HU | 182 (18.8%) |
| Vacant Housing Units | 58 ( 6.0%) |
| Median Home Value | $268,145 |
| Average Home Value | $343,916 |
Housing Distribution
Address Breakdown
Residential
760
Single Family
760
Multi-Family
0
Businesses
37
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Listed by: Chris Kew • RE/MAX Precision
Mls Name: DMMLS
Mls Provider:
Mls ID: #719616
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.