Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Wellman at Cedar Ave, Wellman, IA, 52356 generates $3,000/mo in rent, after a $3,156/mo payment. Total monthly income is $3,000/mo. Return on cash invested sits at 13.34% in year one, and rental yield is 5.58% on a $644,878 entry. Equity gained on principal adds $4,161/yr, while 5% annual appreciation builds toward $178,168 over five years. Five-year ROI reaches 68.01% and total cumulative return in cash sums $144,302. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,000/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
70.44 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52356, Wellman, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,137 (100%) |
| Owner Occupied HU | 847 (74.5%) |
| Renter Occupied HU | 192 (16.9%) |
| Vacant Housing Units | 98 ( 8.6%) |
| Median Home Value | $230,340 |
| Average Home Value | $276,331 |
Residential
905
Single Family
881
Multi-Family
24
Businesses
72
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Tim Elliott • Elliott Realty Group
Mls Name: Iowa City Area AOR
Mls ID: #202504717
