1097 Slater AveAuroraIA50607
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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
Investment property for sale in Aurora at 1097 Slater Ave, Aurora, IA, 50607 listed at $295,000 pairs $1,309/mo rent with a $1,444/mo payment. Total monthly income runs $1,309/mo. Return on cash invested measures 12.46% in year one, and rental yield registers 5.32% at a $295,000 basis. Equity gained on principal adds $1,904/yr, and annual property appreciation at 5% supports $81,503 by year five. Five-year ROI tracks 63.28% and total cumulative return in cash totals $61,886. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,309/mo property income relative to a $1,444/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
2.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50607, Aurora, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 193 (100%) |
| Owner Occupied HU | 146 (75.6%) |
| Renter Occupied HU | 31 (16.1%) |
| Vacant Housing Units | 16 ( 8.3%) |
| Median Home Value | $220,000 |
| Average Home Value | $258,442 |
Housing Distribution
Address Breakdown
Residential
137
Single Family
137
Multi-Family
0
Businesses
18
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