802 12th St #2HawardenIA51023
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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 Hawarden at 802 12th St #2, Hawarden, IA, 51023 generates $2,092/mo in rent and, after a $1,160/mo payment, leaves $553/mo in cash flow. Total monthly income is $2,092/mo, and annual cash flow is $6,634/yr on $78,566 invested. Return on cash invested sits at 28.35% in year one, and rental yield is 10.59% on a $237,000 entry. Equity gained on principal adds $1,529/yr, while 5% annual appreciation builds toward $65,479 over five years. Five-year ROI reaches 148.52% and total cumulative return in cash sums $116,684. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,092/mo property income rather than buyer’s personal income.
Condo
Built in 1820
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51023, Hawarden, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,323 (100%) |
| Owner Occupied HU | 856 (64.7%) |
| Renter Occupied HU | 338 (25.5%) |
| Vacant Housing Units | 129 ( 9.8%) |
| Median Home Value | $164,333 |
| Average Home Value | $238,741 |
Housing Distribution
Address Breakdown
Residential
1,362
Single Family
1,270
Multi-Family
92
Businesses
128
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Listed by: Marlin Janssen • Janssen Realty
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #821069
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.