10641 SE 6th AveRunnellsIA50237
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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
Total monthly income runs $1,732/mo, and a $2,369/mo payment. Purchase price stands at $484,000, and rental yield measures 4.29% with $1,732/mo rent. Return on cash invested shows 9.35% in year one, and 5% annual appreciation builds toward $133,720 over five years. Five-year ROI reaches 46.64% and total cumulative return in cash records $74,832. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,732/mo property income covering a $2,369/mo payment rather than investor’s personal income.
Single Family
Built in 1976
1.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50237, Runnells, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,212 (100%) |
| Owner Occupied HU | 1,058 (87.3%) |
| Renter Occupied HU | 116 ( 9.6%) |
| Vacant Housing Units | 38 ( 3.1%) |
| Median Home Value | $374,895 |
| Average Home Value | $411,269 |
Housing Distribution
Address Breakdown
Residential
1,129
Single Family
1,114
Multi-Family
15
Businesses
29
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Listed by: Seth Walker • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #708874
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.