106 Park Ridge DrOtleyIA50214
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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 Otley at 106 Park Ridge Dr, Otley, IA, 50214 priced at $205,000 pairs $1,205/mo rent with after a $1,003/mo payment. Total monthly income equals $1,205/mo. Return on cash invested is 17.68% in year one, and rental yield stands at 7.05% on a $205,000 basis. Equity gained on principal adds $1,323/yr, and 5% annual appreciation accumulates to $56,638 by year five. Five-year ROI measures 91.3% and total cumulative return in cash reaches $62,046. For financing, Ziffy Mortgage’s DSCR program evaluates $1,205/mo property income against a $1,003/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 2000
9,931 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50214, Otley, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 327 (100%) |
| Owner Occupied HU | 294 (89.9%) |
| Renter Occupied HU | 19 ( 5.8%) |
| Vacant Housing Units | 14 ( 4.3%) |
| Median Home Value | $372,174 |
| Average Home Value | $406,020 |
Housing Distribution
Address Breakdown
Residential
316
Single Family
316
Multi-Family
0
Businesses
7
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Listed by: Janssen, Emily • Home Realty
Mls Name: DMMLS
Mls Provider:
Mls ID: #720318
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.