122 3rd St SEOrange CityIA51041
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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 Orange City at 122 3rd St SE, Orange City, IA, 51041 with 5% annual appreciation on a $154,000 basis while $1,222/mo rent supports operations. Total monthly income totals $1,222/mo and a $754/mo payment preserves $122/mo for cash returns. Annual cash flow comes to $1,459/yr on $51,051 deployed, and return on cash invested reaches 22.77% in year one. Equity gained on principal adds $994/yr, and five-year appreciation sums $42,547 alongside rental yield of 9.52%. Five-year ROI measures 119.46% and total cumulative return in cash totals $60,986.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,222/mo property income versus a $754/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1967
0.33 Acres lot
$N/A/sqft
$100 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51041, Orange City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,694 (100%) |
| Owner Occupied HU | 1,956 (72.6%) |
| Renter Occupied HU | 585 (21.7%) |
| Vacant Housing Units | 153 ( 5.7%) |
| Median Home Value | $278,455 |
| Average Home Value | $309,011 |
Housing Distribution
Address Breakdown
Residential
2,586
Single Family
2,408
Multi-Family
178
Businesses
271
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Listed by: Jim M Van Gorp • Siouxland Town & Country Realty
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #826736
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.