115 Chaffee DrHiawathaIA52233
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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 Hiawatha at 115 Chaffee Dr, Hiawatha, IA, 52233 priced at $235,000 pairs $2,359/mo rent with $833/mo cash flow after a $1,150/mo payment. Total monthly income equals $2,359/mo, and annual cash flow comes to $9,996/yr on $77,903 invested. Return on cash invested is 32.74% in year one, and rental yield stands at 12.05% on a $235,000 basis. Equity gained on principal adds $1,516/yr, and 5% annual appreciation accumulates to $64,926 by year five. Five-year ROI measures 172.04% and total cumulative return in cash reaches $134,020. For financing, Ziffy Mortgage’s DSCR program evaluates $2,359/mo property income against a $1,150/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1993
8,407 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52233, Hiawatha, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,235 (100%) |
| Owner Occupied HU | 1,934 (59.8%) |
| Renter Occupied HU | 1,107 (34.2%) |
| Vacant Housing Units | 194 ( 6.0%) |
| Median Home Value | $226,802 |
| Average Home Value | $227,545 |
Housing Distribution
Address Breakdown
Residential
3,357
Single Family
2,339
Multi-Family
1,018
Businesses
566
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Listed by: Ryan Barner • BARNER REALTY & AUCTION
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2406727
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.