117 W 3rd StMeridenIA51037
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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
Investment property for sale in Meriden at 117 W 3rd St, Meriden, IA, 51037 earns from $1,200/mo rent with a $905/mo payment. Total monthly income totals $1,200/mo. ROI tracks 19.89% on current figures, and rental yield reads 7.78% at a $185,000 purchase. Equity gained on principal adds $1,194/yr, and 5% annual appreciation supports $51,112 over five years. Five-year ROI reaches 103.1% and total cumulative return in cash sums $63,231. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,200/mo property income instead of your personal income.
Single Family
Built in 1949
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51037, Meriden, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 182 (100%) |
| Owner Occupied HU | 127 (69.8%) |
| Renter Occupied HU | 22 (12.1%) |
| Vacant Housing Units | 33 (18.1%) |
| Median Home Value | $210,185 |
| Average Home Value | $232,461 |
Housing Distribution
Address Breakdown
Residential
80
Single Family
80
Multi-Family
0
Businesses
5
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