119 E Ridgeview DrCherokeeIA51012
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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 Cherokee at 119 E Ridgeview Dr, Cherokee, IA, 51012 earns $214/mo cash flow from $1,309/mo rent with a $825/mo payment. Total monthly income totals $1,309/mo, and annual cash flow totals $2,573/yr on $55,858 capital. ROI tracks 24.51% on current figures, and rental yield reads 9.32% at a $168,500 purchase. Equity gained on principal adds $1,087/yr, and 5% annual appreciation supports $46,553 over five years. Five-year ROI reaches 127.99% and total cumulative return in cash sums $71,490. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,309/mo property income instead of your personal income.
Single Family
Built in 1963
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51012, Cherokee, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,089 (100%) |
| Owner Occupied HU | 1,995 (64.6%) |
| Renter Occupied HU | 801 (25.9%) |
| Vacant Housing Units | 293 ( 9.5%) |
| Median Home Value | $181,510 |
| Average Home Value | $214,591 |
Housing Distribution
Address Breakdown
Residential
2,842
Single Family
2,479
Multi-Family
363
Businesses
342
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