113 Prairie StBayardIA50029
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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 Bayard at 113 Prairie St, Bayard, IA, 50029 priced at $125,000 converts $1,321/mo rent into $509/mo cash flow after a $612/mo obligation. Total monthly income equals $1,321/mo, and annual cash flow totals $6,108/yr on $41,438 invested. Return on cash invested prints 34.65% in year one, and rental yield reads 12.68% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 182.28% and total cumulative return in cash sums $75,533. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,321/mo property income covering a $612/mo payment, not borrower’s personal income.
Single Family
Built in 1977
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50029, Bayard, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 310 (100%) |
| Owner Occupied HU | 219 (70.6%) |
| Renter Occupied HU | 52 (16.8%) |
| Vacant Housing Units | 39 (12.6%) |
| Median Home Value | $156,250 |
| Average Home Value | $205,445 |
Housing Distribution
Address Breakdown
Residential
174
Single Family
174
Multi-Family
0
Businesses
21
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Listed by: Keith Soldwisch • Zealty Home Advisors
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6328381
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.