115 Haines StPiersonIA51048
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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 Pierson at 115 Haines St, Pierson, IA, 51048 priced at $159,000 converts $1,268/mo rent into $236/mo cash flow after a $778/mo obligation. Total monthly income equals $1,268/mo, and annual cash flow totals $2,827/yr on $52,709 invested. Return on cash invested prints 25.27% in year one, and rental yield reads 9.57% against a $159,000 entry. Equity gained on principal adds $1,026/yr, while 5% annual appreciation compiles into $43,929 by year five. Five-year ROI reaches 132.02% and total cumulative return in cash sums $69,588. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,268/mo property income covering a $778/mo payment, not borrower’s personal income.
Single Family
Built in 1910
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51048, Pierson, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 267 (100%) |
| Owner Occupied HU | 170 (63.7%) |
| Renter Occupied HU | 65 (24.3%) |
| Vacant Housing Units | 32 (12.0%) |
| Median Home Value | $220,313 |
| Average Home Value | $234,618 |
Housing Distribution
Address Breakdown
Residential
159
Single Family
159
Multi-Family
0
Businesses
14
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