718 S Harlan StAlgonaIA50511
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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 Algona at 718 S Harlan St, Algona, IA, 50511 uses $41,355 cash to close to unlock $3,821/yr annual cash flow and $318/mo monthly cash flow. Total monthly income runs $1,129/mo, and a $611/mo payment keeps the spread at $318/mo. Purchase price stands at $124,750, and rental yield measures 10.86% with $1,129/mo rent. Return on cash invested shows 29.15% in year one, and 5% annual appreciation builds toward $34,466 over five years. Five-year ROI reaches 152.89% and total cumulative return in cash records $63,226. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,129/mo property income covering a $611/mo payment rather than investor’s personal income.
Single Family
Built in 1949
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50511, Algona, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,327 (100%) |
| Owner Occupied HU | 2,152 (64.7%) |
| Renter Occupied HU | 824 (24.8%) |
| Vacant Housing Units | 351 (10.6%) |
| Median Home Value | $209,187 |
| Average Home Value | $256,150 |
Housing Distribution
Address Breakdown
Residential
3,261
Single Family
2,872
Multi-Family
389
Businesses
464
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Listed by: Matt Wolff • Lake-Iowa Realty
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6329380
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.