709 E 6th StWellsburgIA50680
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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 Wellsburg at 709 E 6th St, Wellsburg, IA, 50680 uses $48,697 cash to close to unlock $2,244/yr annual cash flow and $187/mo monthly cash flow. Total monthly income runs $1,141/mo, and a $719/mo payment keeps the spread at $187/mo. Purchase price stands at $146,900, and rental yield measures 9.32% with $1,141/mo rent. Return on cash invested shows 24.52% in year one, and 5% annual appreciation builds toward $40,586 over five years. Five-year ROI reaches 127.93% and total cumulative return in cash records $62,297. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,141/mo property income covering a $719/mo payment rather than investor’s personal income.
Single Family
Built in 1900
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50680, Wellsburg, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 548 (100%) |
| Owner Occupied HU | 428 (78.1%) |
| Renter Occupied HU | 63 (11.5%) |
| Vacant Housing Units | 57 (10.4%) |
| Median Home Value | $156,081 |
| Average Home Value | $221,694 |
Housing Distribution
Address Breakdown
Residential
261
Single Family
241
Multi-Family
20
Businesses
44
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