1020 S State StDenverIA50622
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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 Denver at 1020 S State St, Denver, IA, 50622 offers a 9.35% rental yield on a $219,900 purchase with $1,714/mo rent. Total monthly income registers $1,714/mo, and a $1,076/mo payment leaves $286/mo available for distribution. Annual cash flow reaches $3,434/yr on $72,897 to close, and return on cash invested stands at 24.62% in year one. Equity gained on principal adds $1,419/yr while 5% annual appreciation supports $60,754 over five years. Portfolio math shows five-year ROI at 128.55% and total cumulative return in cash at $93,712. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,714/mo property income against a $1,076/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50622, Denver, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,488 (100%) |
| Owner Occupied HU | 1,195 (80.3%) |
| Renter Occupied HU | 201 (13.5%) |
| Vacant Housing Units | 92 ( 6.2%) |
| Median Home Value | $256,884 |
| Average Home Value | $285,308 |
Housing Distribution
Address Breakdown
Residential
1,209
Single Family
1,153
Multi-Family
56
Businesses
93
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