1008 Hillside DrNeolaIA51559
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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 Neola at 1008 Hillside Dr, Neola, IA, 51559 offers a 6.65% rental yield on a $452,500 purchase with $2,508/mo rent. 46% in year one. Equity gained on principal adds $2,920/yr while 5% annual appreciation supports $125,017 over five years. Portfolio math shows five-year ROI at 84.75% and total cumulative return in cash at $127,127. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,508/mo property income against a $2,215/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51559, Neola, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 761 (100%) |
| Owner Occupied HU | 572 (75.2%) |
| Renter Occupied HU | 159 (20.9%) |
| Vacant Housing Units | 30 ( 3.9%) |
| Median Home Value | $298,404 |
| Average Home Value | $419,480 |
Housing Distribution
Address Breakdown
Residential
654
Single Family
654
Multi-Family
0
Businesses
42
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