1222 Summit StCenter PointIA52213
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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 Center Point at 1222 Summit St, Center Point, IA, 52213 listed at $127,500 pairs $985/mo rent with a $624/mo payment to leave $157/mo cash flow. Total monthly income runs $985/mo, and annual cash flow reaches $1,884/yr on $42,266 cash to close. Return on cash invested measures 24.37% in year one, and rental yield registers 9.27% at a $127,500 basis. Equity gained on principal adds $823/yr, and annual property appreciation at 5% supports $35,226 by year five. Five-year ROI tracks 127.1% and total cumulative return in cash totals $53,722. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $985/mo property income relative to a $624/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1953
3,659 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52213, Center Point, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,816 (100%) |
| Owner Occupied HU | 1,476 (81.3%) |
| Renter Occupied HU | 241 (13.3%) |
| Vacant Housing Units | 99 ( 5.5%) |
| Median Home Value | $296,561 |
| Average Home Value | $399,499 |
Housing Distribution
Address Breakdown
Residential
1,600
Single Family
1,600
Multi-Family
0
Businesses
77
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Listed by: Rachel Sutton • RE/MAX CONCEPTS
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2505910
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.