105 S Main StModaleIA51556
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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 Modale at 105 S Main St, Modale, IA, 51556 generates $1,788/mo in rent and, after a $759/mo payment, leaves $781/mo in cash flow. Total monthly income is $1,788/mo, and annual cash flow is $9,372/yr on $51,383 invested. Return on cash invested sits at 38.15% in year one, and rental yield is 13.84% on a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 201.04% and total cumulative return in cash sums $103,300. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,788/mo property income rather than buyer’s personal income.
Single Family
Built in 1931
6,720 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51556, Modale, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 219 (100%) |
| Owner Occupied HU | 172 (78.5%) |
| Renter Occupied HU | 21 ( 9.6%) |
| Vacant Housing Units | 26 (11.9%) |
| Median Home Value | $256,122 |
| Average Home Value | $270,988 |
Housing Distribution
Address Breakdown
Residential
133
Single Family
133
Multi-Family
0
Businesses
14
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