105-1 1/2 Ave NRutlandIA50582
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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 Rutland at 105-1 1/2 Ave N, Rutland, IA, 50582 generates $1,205/mo in rent and, after a $587/mo payment, leaves $426/mo in cash flow. Total monthly income is $1,205/mo, and annual cash flow is $5,114/yr on $39,747 invested. Return on cash invested sits at 32.78% in year one, and rental yield is 12.06% on a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 172.36% and total cumulative return in cash sums $68,508. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,205/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50582, Rutland, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 132 (100%) |
| Owner Occupied HU | 94 (71.2%) |
| Renter Occupied HU | 19 (14.4%) |
| Vacant Housing Units | 19 (14.4%) |
| Median Home Value | $157,692 |
| Average Home Value | $205,505 |
Housing Distribution
Address Breakdown
Residential
42
Single Family
42
Multi-Family
0
Businesses
3
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Listed by: Judy K Oberhelman • Smith Real Estate
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6330623
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.