1029 N 24th PlFort DodgeIA50501
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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 Fort Dodge at 1029 N 24th Pl, Fort Dodge, IA, 50501 earns $513/mo cash flow from $1,814/mo rent with a $856/mo payment. Total monthly income totals $1,814/mo, and annual cash flow totals $6,156/yr on $57,979 capital. ROI tracks 30.53% on current figures, and rental yield reads 12.45% at a $174,900 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,322 over five years. Five-year ROI reaches 161.5% and total cumulative return in cash sums $93,636. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,814/mo property income instead of your personal income.
Single Family
Built in N/A
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50501, Fort Dodge, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,107 (100%) |
| Owner Occupied HU | 7,476 (57.0%) |
| Renter Occupied HU | 3,971 (30.3%) |
| Vacant Housing Units | 1,660 (12.7%) |
| Median Home Value | $161,154 |
| Average Home Value | $209,301 |
Housing Distribution
Address Breakdown
Residential
12,306
Single Family
11,143
Multi-Family
1,163
Businesses
1,207
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Listed by: Michael Murphy • RE/MAX of Fort Dodge, Inc.
Mls Name: Fort Dodge BOR
Mls Provider:
Mls ID: #24808
Disclaimer: Copyright Fort Dodge Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.