1102 E Competine St APT 104, Knoxville, IA, 50138 | $84/mo Cash Flow

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1102 E Competine St APT 104, Knoxville, IA, 50138 | $84/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Knoxville at 1102 E Competine St APT 104, Knoxville, IA, 50138 offers a 8.27% rental yield on a $210,000 purchase with $1,448/mo rent. Total monthly income registers $1,448/mo, and a $1,028/mo payment leaves $84/mo available for distribution. Annual cash flow reaches $1,008/yr on $69,615 to close, and return on cash invested stands at 21.36% in year one. Equity gained on principal adds $1,355/yr while 5% annual appreciation supports $58,019 over five years. Portfolio math shows five-year ROI at 111% and total cumulative return in cash at $77,272. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,448/mo property income against a $1,028/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1984

0.90 Acres lot

$N/A/sqft

No HOA

More details about the property

Cozy Condo with everything you need on main level plus additional finished lower level to provide over 1200 SF living space ~ Living room features wood burning fireplace surrounded by stone & wood mantle ~ Semi-open concept leads to nice kitchen including solid surface counter and appliances to convey ~ Primary bedroom offers walk-in closet and slider to; adjoining bath has walk-in tub/shower and is accessible from bedroom or hallway ~ Another bedroom rounds out this level and also makes a great den/office area ~ Finished lower level presents 3rd bedroom with walk-out, bath, and large family room plus great storage options ~ Newer LVP planking throughout main level (except living room), Pella windows with slim shades, slider from kitchen to deck with retractable awning, water heater 2021, newer water softener ~ Covenants & HOA fees apply ~ All information obtained from Owner and Public Records.

Neighborhood Data

Neighborhood data shown for ZIP Code: 50138, Knoxville, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,323 (100%)
Owner Occupied HU	3,596 (67.6%)
Renter Occupied HU	1,312 (24.6%)
Vacant Housing Units	415 ( 7.8%)
Median Home Value	$202,144
Average Home Value	$259,265