820 E 4th StSpencerIA51301
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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 Spencer at 820 E 4th St, Spencer, IA, 51301 priced at $134,001 pairs $1,304/mo rent with $434/mo cash flow after a $656/mo payment. Total monthly income equals $1,304/mo, and annual cash flow comes to $5,203/yr on $44,421 invested. Return on cash invested is 31.62% in year one, and rental yield stands at 11.68% on a $134,001 basis. Equity gained on principal adds $865/yr, and 5% annual appreciation accumulates to $37,022 by year five. Five-year ROI measures 166.11% and total cumulative return in cash reaches $73,787. For financing, Ziffy Mortgage’s DSCR program evaluates $1,304/mo property income against a $656/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1938
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51301, Spencer, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,257 (100%) |
| Owner Occupied HU | 3,762 (60.1%) |
| Renter Occupied HU | 1,788 (28.6%) |
| Vacant Housing Units | 707 (11.3%) |
| Median Home Value | $196,406 |
| Average Home Value | $264,591 |
Housing Distribution
Address Breakdown
Residential
5,949
Single Family
4,996
Multi-Family
953
Businesses
663
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Listed by: Kim Bates • Northwest Iowa Realty
Mls Name: Iowa Great Lakes BOR
Mls Provider:
Mls ID: #250543
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.