1009 16th StBelle PlaineIA52208
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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 Belle Plaine at 1009 16th St, Belle Plaine, IA, 52208 offers a 9.6% rental yield on a $220,000 purchase with $1,760/mo rent. Total monthly income registers $1,760/mo, and a $1,077/mo payment leaves $331/mo available for distribution. Annual cash flow reaches $3,972/yr on $72,930 to close, and return on cash invested stands at 25.36% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,782 over five years. Portfolio math shows five-year ROI at 132.44% and total cumulative return in cash at $96,587. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,760/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52208, Belle Plaine, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,417 (100%) |
| Owner Occupied HU | 960 (67.7%) |
| Renter Occupied HU | 258 (18.2%) |
| Vacant Housing Units | 199 (14.0%) |
| Median Home Value | $120,603 |
| Average Home Value | $170,320 |
Housing Distribution
Address Breakdown
Residential
1,350
Single Family
1,331
Multi-Family
19
Businesses
115
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Listed by: Amanda Welsh • Iowa Elite Marketing Group
Mls Name: Iowa City Area AOR
Mls ID: #202507308