1049 Locust AveKalonaIA52247
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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
Rental property for sale in Kalona at 1049 Locust Ave, Kalona, IA, 52247 generates $1,819/mo in rent and, after a $1,224/mo payment, leaves $195/mo in cash flow. Total monthly income is $1,819/mo, and annual cash flow is $2,340/yr on $82,875 invested. Return on cash invested sits at 22.73% in year one, and rental yield is 8.73% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 118.38% and total cumulative return in cash sums $98,110. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,819/mo property income rather than buyer’s personal income.
Single Family
Built in 1983
0.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52247, Kalona, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,272 (100%) |
| Owner Occupied HU | 1,658 (73.0%) |
| Renter Occupied HU | 495 (21.8%) |
| Vacant Housing Units | 119 ( 5.2%) |
| Median Home Value | $288,403 |
| Average Home Value | $320,344 |
Housing Distribution
Address Breakdown
Residential
2,032
Single Family
1,944
Multi-Family
88
Businesses
219
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