920 E Washington StCenter PointIA52213
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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 Center Point at 920 E Washington St, Center Point, IA, 52213 uses $54,698 cash to close to unlock $2,760/yr annual cash flow and $230/mo monthly cash flow. Total monthly income runs $1,302/mo, and a $808/mo payment keeps the spread at $230/mo. Purchase price stands at $165,000, and rental yield measures 9.47% with $1,302/mo rent. Return on cash invested shows 24.95% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 130.32% and total cumulative return in cash records $71,279. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,302/mo property income covering a $808/mo payment rather than investor’s personal income.
Single Family
Built in 1918
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52213, Center Point, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,816 (100%) |
| Owner Occupied HU | 1,476 (81.3%) |
| Renter Occupied HU | 241 (13.3%) |
| Vacant Housing Units | 99 ( 5.5%) |
| Median Home Value | $296,561 |
| Average Home Value | $399,499 |
Housing Distribution
Address Breakdown
Residential
1,600
Single Family
1,600
Multi-Family
0
Businesses
77
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Listed by: Jim Willmsen • RE/MAX CONCEPTS
Mls Name: CRAAR, CDRMLS
Mls ID: #2504427