113 E Lake StRockwell CityIA50579
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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 Rockwell City at 113 E Lake St, Rockwell City, IA, 50579 offers $1,292/mo rent that, after a $778/mo payment, leaves $260/mo cash flow. Total monthly income is $1,292/mo, and annual cash flow is $3,115/yr on $52,709 cash. Return on cash invested measures 25.82% in year one, and rental yield stands at 9.75% at a $159,000 entry. Equity gained on principal adds $1,026/yr while 5% annual appreciation compounds into $43,929 by year five. Five-year ROI records 134.96% and total cumulative return in cash reaches $71,136. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,292/mo property income versus a $778/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50579, Rockwell City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,241 (100%) |
| Owner Occupied HU | 811 (65.4%) |
| Renter Occupied HU | 220 (17.7%) |
| Vacant Housing Units | 210 (16.9%) |
| Median Home Value | $114,366 |
| Average Home Value | $186,107 |
Housing Distribution
Address Breakdown
Residential
1,067
Single Family
975
Multi-Family
92
Businesses
116
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Listed by: Diane L. Decker • Decker and Company Real Estate
Mls Name: Fort Dodge BOR
Mls ID: #26575