816 Northrup DrFort DodgeIA50501
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Fort Dodge at 816 Northrup Dr, Fort Dodge, IA, 50501 priced at $195,000 converts $1,529/mo rent into $263/mo cash flow after a $954/mo obligation. Total monthly income equals $1,529/mo, and annual cash flow totals $3,156/yr on $64,643 invested. Return on cash invested prints 24.79% in year one, and rental yield reads 9.41% against a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation compiles into $53,875 by year five. Five-year ROI reaches 129.42% and total cumulative return in cash sums $83,662. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,529/mo property income covering a $954/mo payment, not borrower’s personal income.
Single Family
Built in N/A
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50501, Fort Dodge, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,107 (100%) |
| Owner Occupied HU | 7,476 (57.0%) |
| Renter Occupied HU | 3,971 (30.3%) |
| Vacant Housing Units | 1,660 (12.7%) |
| Median Home Value | $161,154 |
| Average Home Value | $209,301 |
Housing Distribution
Address Breakdown
Residential
12,306
Single Family
11,143
Multi-Family
1,163
Businesses
1,207
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Madeline Eastwood • Eastwood Realty LLC
Mls Name: Fort Dodge BOR
Mls ID: #26534