1151 Summit AveFort DodgeIA50501
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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
Total monthly income runs $1,506/mo, and a $1,272/mo payment. Purchase price stands at $259,900, and rental yield measures 6.95% with $1,506/mo rent. Return on cash invested shows 17.38% in year one, and 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 89.71% and total cumulative return in cash records $77,290. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,506/mo property income covering a $1,272/mo payment rather than investor’s personal income.
Single Family
Built in N/A
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50501, Fort Dodge, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,107 (100%) |
| Owner Occupied HU | 7,476 (57.0%) |
| Renter Occupied HU | 3,971 (30.3%) |
| Vacant Housing Units | 1,660 (12.7%) |
| Median Home Value | $161,154 |
| Average Home Value | $209,301 |
Housing Distribution
Address Breakdown
Residential
12,306
Single Family
11,143
Multi-Family
1,163
Businesses
1,207
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Listed by: Cindy Mulroney • RE/MAX of Fort Dodge, Inc.
Mls Name: Fort Dodge BOR
Mls Provider:
Mls ID: #26166
Disclaimer: Copyright Fort Dodge Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.