111 3rd AveLittle RockIA51243
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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 Little Rock at 111 3rd Ave, Little Rock, IA, 51243 priced at $164,500 pairs $1,930/mo rent with $862/mo cash flow after a $805/mo payment. Total monthly income equals $1,930/mo, and annual cash flow comes to $10,342/yr on $54,532 invested. Return on cash invested is 38.87% in year one, and rental yield stands at 14.08% on a $164,500 basis. Equity gained on principal adds $1,061/yr, and 5% annual appreciation accumulates to $45,448 by year five. Five-year ROI measures 204.96% and total cumulative return in cash reaches $111,766. For financing, Ziffy Mortgage’s DSCR program evaluates $1,930/mo property income against a $805/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1961
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51243, Little Rock, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 340 (100%) |
| Owner Occupied HU | 257 (75.6%) |
| Renter Occupied HU | 59 (17.4%) |
| Vacant Housing Units | 24 ( 7.1%) |
| Median Home Value | $166,071 |
| Average Home Value | $231,683 |
Housing Distribution
Address Breakdown
Residential
227
Single Family
227
Multi-Family
0
Businesses
11
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Listed by: Anna Bousema • Epic Realty Inc.
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #827260
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.