802 8th StBurtIA50522
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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 Burt at 802 8th St, Burt, IA, 50522 generates $1,080/mo in rent and, after a $587/mo payment, leaves $301/mo in cash flow. Total monthly income is $1,080/mo, and annual cash flow is $3,612/yr on $39,780 invested. Return on cash invested sits at 28.99% in year one, and rental yield is 10.8% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 151.9% and total cumulative return in cash sums $60,427. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,080/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50522, Burt, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 337 (100%) |
| Owner Occupied HU | 245 (72.7%) |
| Renter Occupied HU | 55 (16.3%) |
| Vacant Housing Units | 37 (11.0%) |
| Median Home Value | $96,111 |
| Average Home Value | $157,235 |
Housing Distribution
Address Breakdown
Residential
173
Single Family
173
Multi-Family
0
Businesses
22
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Listed by: Renee Diemer • Diemer Realty
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6328982
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.