7545 28th AveWatkinsIA52354
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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 Watkins at 7545 28th Ave, Watkins, IA, 52354 offers a 3.7% rental yield on a $470,000 purchase with $1,448/mo rent. 56% in year one. Equity gained on principal adds $3,033/yr while 5% annual appreciation supports $129,852 over five years. Portfolio math shows five-year ROI at 36.98% and total cumulative return in cash at $57,621. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,448/mo property income against a $2,300/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1918
3.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52354, Watkins, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 161 (100%) |
| Owner Occupied HU | 126 (78.3%) |
| Renter Occupied HU | 23 (14.3%) |
| Vacant Housing Units | 12 ( 7.5%) |
| Median Home Value | $170,588 |
| Average Home Value | $209,901 |
Housing Distribution
Address Breakdown
Residential
113
Single Family
113
Multi-Family
0
Businesses
5
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Listed by: Tami Timm • Realty87
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2505781
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