802 Spring StHedrickIA52563
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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 Hedrick at 802 Spring St, Hedrick, IA, 52563 priced at $147,500 pairs $0/mo rent with after a $722/mo payment. Total monthly income equals $0/mo. Return on cash invested is -3.6% in year one, and rental yield stands at 0% on a $147,500 basis. Equity gained on principal adds $952/yr, and 5% annual appreciation accumulates to $40,752 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $0/mo property income against a $722/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1977
1.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52563, Hedrick, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 654 (100%) |
| Owner Occupied HU | 460 (70.3%) |
| Renter Occupied HU | 124 (19.0%) |
| Vacant Housing Units | 70 (10.7%) |
| Median Home Value | $146,053 |
| Average Home Value | $206,870 |
Housing Distribution
Address Breakdown
Residential
475
Single Family
443
Multi-Family
32
Businesses
27
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices