917 Elm St, Williamsburg, IA, 52361 | $185/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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917 Elm St, Williamsburg, IA, 52361 | $185/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Williamsburg at 917 Elm St, Williamsburg, IA, 52361 uses $79,560 cash to close to unlock $2,220/yr annual cash flow and $185/mo monthly cash flow. Total monthly income runs $1,744/mo, and a $1,175/mo payment keeps the spread at $185/mo. Purchase price stands at $240,000, and rental yield measures 8.72% with $1,744/mo rent. Return on cash invested shows 22.7% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 118.19% and total cumulative return in cash records $94,034. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,744/mo property income covering a $1,175/mo payment rather than investor’s personal income.

Single Family

Built in 1965

0.28 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome home where almost everything is new! This home is nestled in the charming town of Williamsburg with all the modern amenities for daily needs in this vibrant yet laid back community. Walk to the rec center, pool, golf course, downtown, park, grocery, restaurants, and more! This four bed two bath home has been remodeled inside and out with new siding, paint, most windows, including added egress in the LL, flooring, both baths, light fixtures, and a beautiful new kitchen with quartz counters and soft close cabinets! Stove, Dishwasher, and microwave also new in 2024. LL offers a flex room that could be finished by you, leaving plenty of extra storage space in the utility room. The attached oversized garage also has extra space for your outside hobbies and recreation. Don't miss the big level yard too! Even most of the concrete and utilities on the City right of way are new! Street and utility restoration is being taken care of and covered by City funds. Please call the City or ask your real estate agent for additional details and to confirm.

Neighborhood Data

Neighborhood data shown for ZIP Code: 52361, Williamsburg, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,185 (100%)
Owner Occupied HU	1,511 (69.2%)
Renter Occupied HU	527 (24.1%)
Vacant Housing Units	147 ( 6.7%)
Median Home Value	$224,342
Average Home Value	$297,057