1171 220th StIoniaIA50645
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 $1,091/mo, and a $1,662/mo payment. Purchase price stands at $339,500, and rental yield measures 3.86% with $1,091/mo rent. Return on cash invested shows 8.03% in year one, and 5% annual appreciation builds toward $93,798 over five years. Five-year ROI reaches 39.54% and total cumulative return in cash records $44,501. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,091/mo property income covering a $1,662/mo payment rather than investor’s personal income.
Single Family
Built in 1930
4.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50645, Ionia, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 481 (100%) |
| Owner Occupied HU | 377 (78.4%) |
| Renter Occupied HU | 57 (11.9%) |
| Vacant Housing Units | 47 ( 9.8%) |
| Median Home Value | $249,405 |
| Average Home Value | $322,858 |
Housing Distribution
Address Breakdown
Residential
404
Single Family
404
Multi-Family
0
Businesses
6
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices