878 Springbrook DrHintonIA51024
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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 Hinton at 878 Springbrook Dr, Hinton, IA, 51024 offers $4,241/mo rent that, after a $3,181/mo payment, leaves $20/mo cash flow. Total monthly income is $4,241/mo, and annual cash flow is $240/yr on $213,850 cash. Return on cash invested measures 20.17% in year one, and rental yield stands at 7.83% at a $650,000 entry. Equity gained on principal adds $4,194/yr while 5% annual appreciation compounds into $179,583 by year five. Five-year ROI records 104.61% and total cumulative return in cash reaches $223,718. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,241/mo property income versus a $3,181/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
0.55 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: Kyle Kovarna • Century 21 ProLink
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #825045
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.