710 Woodland Dr 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
Investment property for sale in Elkader at 710 Woodland Dr NW, Elkader, IA, 52043 offers a 10.14% rental yield on a $305,000 purchase with $2,576/mo rent. Total monthly income registers $2,576/mo, and a $1,493/mo payment leaves $595/mo available for distribution. Annual cash flow reaches $7,140/yr on $101,108 to close, and return on cash invested stands at 26.97% in year one. Equity gained on principal adds $1,968/yr while 5% annual appreciation supports $84,266 over five years. Portfolio math shows five-year ROI at 141.09% and total cumulative return in cash at $142,654. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,576/mo property income against a $1,493/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
0.44 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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