711 10th Ave, Wellman, IA, 52356 | $150/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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711 10th Ave, Wellman, IA, 52356 | $150/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Wellman at 711 10th Ave, Wellman, IA, 52356 offers a 8.65% rental yield on a $209,900 purchase with $1,513/mo rent. Total monthly income registers $1,513/mo, and a $1,027/mo payment leaves $150/mo available for distribution. Annual cash flow reaches $1,802/yr on $69,582 to close, and return on cash invested stands at 22.5% in year one. Equity gained on principal adds $1,354/yr while 5% annual appreciation supports $57,992 over five years. Portfolio math shows five-year ROI at 117.18% and total cumulative return in cash at $81,536. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,513/mo property income against a $1,027/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1925

0.60 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully maintained home in the heart of Wellman, Iowa! Full of charm and thoughtful updates, this 1925 gem is a perfect blend of classic character and modern comfort. The enclosed front porch welcomes you into a warm and inviting space featuring original woodwork and timeless details. An updated kitchen featuring white cabinetry, laminate counters, a gas range, and dishwasher blends modern conveniences into the space. Off the kitchen is a back porch that create a the opportunity for mud room space or the perfect breakfast nook. Natural light floods the dining and living room spaces. Conveniently located on the main level is a full bathroom with laundry hookups. Upstairs you will find three bedrooms with spacious closet space. An additional full bathroom is located upstairs. A one car detached garage and storage shed provide additional storage space. Relax on the back patio overlooking the spacious yard. Situated on an expansive 0.60 double corner lot with mature trees, this home is not a home that you want to miss!

Neighborhood Data

Neighborhood data shown for ZIP Code: 52356, Wellman, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,137 (100%)
Owner Occupied HU	847 (74.5%)
Renter Occupied HU	192 (16.9%)
Vacant Housing Units	98 ( 8.6%)
Median Home Value	$230,340
Average Home Value	$276,331