1003 Oak Knoll RdRed OakIA51566
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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
Rental property for sale in Red Oak at 1003 Oak Knoll Rd, Red Oak, IA, 51566 priced at $299,900 converts $840/mo rent into after a $1,468/mo obligation. Total monthly income equals $840/mo. Return on cash invested prints 6.54% in year one, and rental yield reads 3.36% against a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation compiles into $82,857 by year five. Five-year ROI reaches 31.57% and total cumulative return in cash sums $31,384. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $840/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 1979
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51566, Red Oak, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,302 (100%) |
| Owner Occupied HU | 1,939 (58.7%) |
| Renter Occupied HU | 935 (28.3%) |
| Vacant Housing Units | 428 (13.0%) |
| Median Home Value | $134,691 |
| Average Home Value | $178,734 |
Housing Distribution
Address Breakdown
Residential
3,081
Single Family
2,954
Multi-Family
127
Businesses
297
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