820 BroadwayDenisonIA51442
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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 Denison at 820 Broadway, Denison, IA, 51442 priced at $132,500 converts $1,034/mo rent into $149/mo cash flow after a $649/mo obligation. Total monthly income equals $1,034/mo, and annual cash flow totals $1,788/yr on $43,924 invested. Return on cash invested prints 23.98% in year one, and rental yield reads 9.36% against a $132,500 entry. Equity gained on principal adds $855/yr, while 5% annual appreciation compiles into $36,607 by year five. Five-year ROI reaches 125.44% and total cumulative return in cash sums $55,100. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,034/mo property income covering a $649/mo payment, not borrower’s personal income.
Single Family
Built in 1922
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51442, Denison, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,687 (100%) |
| Owner Occupied HU | 2,242 (60.8%) |
| Renter Occupied HU | 1,138 (30.9%) |
| Vacant Housing Units | 307 ( 8.3%) |
| Median Home Value | $157,797 |
| Average Home Value | $175,583 |
Housing Distribution
Address Breakdown
Residential
3,423
Single Family
3,114
Multi-Family
309
Businesses
382
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Listed by: Roger Preul • McCord Insurance & Real Estate
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6325594
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.