1009 Summit StCenter PointIA52213
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Center Point at 1009 Summit St, Center Point, IA, 52213 at $137,500 posts ROI 23.71% with $144/mo cash flow from $1,058/mo rent. Total monthly income equals $1,058/mo, and annual cash flow records $1,734/yr on $45,581 to close. Return on cash invested measures 23.71% and rental yield reads 9.23% at the current $137,500. Equity gained on principal adds $887/yr, and 5% annual appreciation supports $37,989 by year five. Five-year ROI prints 123.88% and total cumulative return in cash totals $56,465.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,058/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1916
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52213, Center Point, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,816 (100%) |
| Owner Occupied HU | 1,476 (81.3%) |
| Renter Occupied HU | 241 (13.3%) |
| Vacant Housing Units | 99 ( 5.5%) |
| Median Home Value | $296,561 |
| Average Home Value | $399,499 |
Housing Distribution
Address Breakdown
Residential
1,600
Single Family
1,600
Multi-Family
0
Businesses
77
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Listed by: Alicia Porter • RE/MAX Concepts
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202502044
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it 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 accurate by the MLS.