907 Nodaway StCorningIA50841
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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 Corning at 907 Nodaway St, Corning, IA, 50841 uses $36,465 cash to close to unlock $4,092/yr annual cash flow and $341/mo monthly cash flow. Total monthly income runs $1,055/mo, and a $538/mo payment keeps the spread at $341/mo. Purchase price stands at $110,000, and rental yield measures 11.51% with $1,055/mo rent. Return on cash invested shows 31.13% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 163.42% and total cumulative return in cash records $59,592. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,055/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1941
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50841, Corning, IA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
1,208
Single Family
1,188
Multi-Family
20
Businesses
141
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