1159 Tulip Ave, Riverside, IA, 52327 | 5.09% Rental Yield

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1159 Tulip Ave, Riverside, IA, 52327 | 5.09% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Riverside at 1159 Tulip Ave, Riverside, IA, 52327 generates $1,696/mo in rent, after a $1,957/mo payment. Total monthly income is $1,696/mo. Return on cash invested sits at 11.75% in year one, and rental yield is 5.09% on a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 59.53% and total cumulative return in cash sums $78,920. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,696/mo property income rather than buyer’s personal income.

Single Family

Built in 1900

2.28 Acres lot

$N/A/sqft

No HOA

More details about the property

Tucked away on the edge of Riverside, this rarely found 2.28-acre hidden gem (no gravel) offers a serene private setting with mature trees, large garden area, rows of pines, & small pasture. Enjoy peaceful mornings on the deck overlooking a pond & church steeple. This 2-story home exudes classic farmhouse warmth, featuring a spacious kitchen with abundant cabinetry & custom island with breakfast bar. Cozy living room offers a gas fp & backyard views, while the formal dining highlights gleaming original HW fls & a stunning chandelier. A 1st fl office or bedroom & separate full bathroom with jet tub complete the main level. Two generous sized upper-level bedrooms with beautiful HW fls, plus an updated bathroom with Swanstone sink/counter, walk-in shower, & dedicated makeup area. In-floor heating in kitchen & upper bathroom, & the homes energy-efficient boiler system was enhanced in 2017 with a Space Pak central air system. Many updates throughout include mostly newer drywall, 200-amp electrical, plumbing updates, new pressure tank 2022, & buried electrical lines. LL includes laundry with sink, full bathroom, & ample unfin space perfect for future family / rec room. Several outbuildings provide flexibility a 2.5 car det garage, a heated 30x54 shop with 10-ft overhead door, 8-ft & 12-ft sliding doors, plus 2 additl outbuildings.

Neighborhood Data

Neighborhood data shown for ZIP Code: 52327, Riverside, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,393 (100%)
Owner Occupied HU	1,000 (71.8%)
Renter Occupied HU	293 (21.0%)
Vacant Housing Units	100 ( 7.2%)
Median Home Value	$294,413
Average Home Value	$346,665