707 N Main StElkaderIA52043
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Elkader at 707 N Main St, Elkader, IA, 52043 at $278,000 posts ROI 21.85% with $149/mo cash flow from $1,955/mo rent. Total monthly income equals $1,955/mo, and annual cash flow records $1,790/yr on $92,157 to close. Return on cash invested measures 21.85% and rental yield reads 8.44% at the current $278,000. Equity gained on principal adds $1,794/yr, and 5% annual appreciation supports $76,806 by year five. Five-year ROI prints 113.69% and total cumulative return in cash totals $104,777.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,955/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
7,840 sqft 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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