723 N 6th Avenue CirWintersetIA50273
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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
Rental property for sale in Winterset at 723 N 6th Avenue Cir, Winterset, IA, 50273 generates $1,787/mo in rent and, after a $964/mo payment, leaves $424/mo in cash flow. Total monthly income is $1,787/mo, and annual cash flow is $5,094/yr on $65,306 invested. Return on cash invested sits at 27.71% in year one, and rental yield is 10.89% on a $197,000 entry. Equity gained on principal adds $1,271/yr, while 5% annual appreciation builds toward $54,427 over five years. Five-year ROI reaches 145.66% and total cumulative return in cash sums $95,126. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,787/mo property income rather than buyer’s personal income.
Condo
Built in 1996
6,534 sqft lot
$N/A/sqft
$1,000 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50273, Winterset, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,968 (100%) |
| Owner Occupied HU | 2,692 (67.8%) |
| Renter Occupied HU | 911 (23.0%) |
| Vacant Housing Units | 365 ( 9.2%) |
| Median Home Value | $228,438 |
| Average Home Value | $301,850 |
Housing Distribution
Address Breakdown
Residential
3,690
Single Family
3,511
Multi-Family
179
Businesses
308
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Listed by: Sarah Cowman • Homefront Real Estate, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #710596
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.