860 Springbrook DrHintonIA51024
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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
Investment property for sale in Hinton at 860 Springbrook Dr, Hinton, IA, 51024 with 5% annual appreciation on a $519,000 basis while $2,714/mo rent supports operations. 45% in year one. Equity gained on principal adds $3,349/yr, and five-year appreciation sums $143,390 alongside rental yield of 6.28%. Five-year ROI measures 79.29% and total cumulative return in cash totals $135,381. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,714/mo property income versus a $2,540/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1999
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51024, Hinton, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 870 (100%) |
| Owner Occupied HU | 710 (81.6%) |
| Renter Occupied HU | 97 (11.1%) |
| Vacant Housing Units | 63 ( 7.2%) |
| Median Home Value | $345,494 |
| Average Home Value | $403,951 |
Housing Distribution
Address Breakdown
Residential
705
Single Family
705
Multi-Family
0
Businesses
47
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Listed by: Dawn L Conover • NextHome Tri State Realty
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #830004
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.