707 1st St NWElkaderIA52043
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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
Total monthly income runs $2,142/mo, and a $1,786/mo payment. Purchase price stands at $365,000, and rental yield measures 7.04% with $2,142/mo rent. Return on cash invested shows 17.65% in year one, and 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 91.11% and total cumulative return in cash records $110,239. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,142/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Single Family
Built in 1967
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52043, Elkader, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,088 (100%) |
| Owner Occupied HU | 739 (67.9%) |
| Renter Occupied HU | 219 (20.1%) |
| Vacant Housing Units | 130 (11.9%) |
| Median Home Value | $171,366 |
| Average Home Value | $318,200 |
Housing Distribution
Address Breakdown
Residential
730
Single Family
687
Multi-Family
43
Businesses
144
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