714 Davidson 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
Investment property for sale in Elkader at 714 Davidson St NW, Elkader, IA, 52043 uses $38,123 cash to close to unlock $9,336/yr annual cash flow and $778/mo monthly cash flow. Total monthly income runs $1,525/mo, and a $563/mo payment keeps the spread at $778/mo. Purchase price stands at $115,000, and rental yield measures 15.91% with $1,525/mo rent. Return on cash invested shows 44.4% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 234.56% and total cumulative return in cash records $89,421. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,525/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1958
3,080 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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Listed by: Joe Sylvester • Ole's 5 Star Realty, LLC
Mls Name: East Central Iowa AOR
Mls Provider:
Mls ID: #152208
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.