1002 Rock Island AveCherokeeIA51012
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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 Cherokee at 1002 Rock Island Ave, Cherokee, IA, 51012 listed at $119,500 pairs $1,072/mo rent with a $585/mo payment to leave $296/mo cash flow. Total monthly income runs $1,072/mo, and annual cash flow reaches $3,550/yr on $39,614 cash to close. Return on cash invested measures 28.87% in year one, and rental yield registers 10.76% at a $119,500 basis. Equity gained on principal adds $771/yr, and annual property appreciation at 5% supports $33,016 by year five. Five-year ROI tracks 151.32% and total cumulative return in cash totals $59,946. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,072/mo property income relative to a $585/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1963
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51012, Cherokee, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,089 (100%) |
| Owner Occupied HU | 1,995 (64.6%) |
| Renter Occupied HU | 801 (25.9%) |
| Vacant Housing Units | 293 ( 9.5%) |
| Median Home Value | $181,510 |
| Average Home Value | $214,591 |
Housing Distribution
Address Breakdown
Residential
2,842
Single Family
2,479
Multi-Family
363
Businesses
342
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Listed by: Brian L Decker • Rasmus Realty & Auction
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #830297
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.