801 3rd AveParkersburgIA50665
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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 Parkersburg at 801 3rd Ave, Parkersburg, IA, 50665 offers a 6.37% rental yield on a $245,000 purchase with $1,300/mo rent. 61% in year one. Equity gained on principal adds $1,581/yr while 5% annual appreciation supports $67,689 over five years. Portfolio math shows five-year ROI at 80.18% and total cumulative return in cash at $65,124. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,300/mo property income against a $1,199/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2008
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50665, Parkersburg, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,355 (100%) |
| Owner Occupied HU | 1,008 (74.4%) |
| Renter Occupied HU | 236 (17.4%) |
| Vacant Housing Units | 111 ( 8.2%) |
| Median Home Value | $229,118 |
| Average Home Value | $246,528 |
Housing Distribution
Address Breakdown
Residential
1,177
Single Family
1,118
Multi-Family
59
Businesses
98
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Listed by: Jenna Schupbach • Campbell-Mellema Realty, LLC
Mls Name: Northeast Iowa Regional BOR
Mls Provider:
Mls ID: #20251743
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