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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Corning at 904 6th St, Corning, IA, 50841 offers a 8.44% rental yield on a $119,500 purchase with $840/mo rent. Total monthly income registers $840/mo, and a $585/mo payment leaves $30/mo available for distribution. Annual cash flow reaches $360/yr on $39,614 to close, and return on cash invested stands at 20.82% in year one. Equity gained on principal adds $771/yr while 5% annual appreciation supports $33,016 over five years. Portfolio math shows five-year ROI at 108.61% and total cumulative return in cash at $43,026. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $840/mo property income against a $585/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50841, Corning, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,345 (100%) |
| Owner Occupied HU | 856 (63.6%) |
| Renter Occupied HU | 282 (21.0%) |
| Vacant Housing Units | 207 (15.4%) |
| Median Home Value | $129,730 |
| Average Home Value | $211,168 |
Residential
1,208
Single Family
1,188
Multi-Family
20
Businesses
141
Date | Event | Price |
|---|---|---|
| 2025-02-04 | Listed for sale | $119,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-01 | $2222.00 | 19.21% | $125,700 | N/A |
| 2023-05-01 | $1864.00 | -0.11% | $125,700 | 35.75% |
| 2022-05-01 | $1866.00 | 3.67% | $92,600 | -0.22% |
Listed by: Michelle Crill • Crill Real Estate
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6324722
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.
