9 2nd Ave EAlbiaIA52531
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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
Total monthly income runs $809/mo, and a $1,101/mo payment. Purchase price stands at $225,000, and rental yield measures 4.31% with $809/mo rent. Return on cash invested shows 9.42% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 46.97% and total cumulative return in cash records $35,037. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $809/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Multi Family
Built in 1962
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52531, Albia, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,708 (100%) |
| Owner Occupied HU | 1,795 (66.3%) |
| Renter Occupied HU | 630 (23.3%) |
| Vacant Housing Units | 283 (10.5%) |
| Median Home Value | $163,902 |
| Average Home Value | $231,592 |
Housing Distribution
Address Breakdown
Residential
2,469
Single Family
2,400
Multi-Family
69
Businesses
245
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Listed by: Jodie Mccoy • Real McCoy Realty LLC
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6317608
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