1224 Sorum DrWaukonIA52172
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
Investment property for sale in Waukon at 1224 Sorum Dr, Waukon, IA, 52172 offers a 9.97% rental yield on a $249,000 purchase with $2,068/mo rent. Total monthly income registers $2,068/mo, and a $1,219/mo payment leaves $451/mo available for distribution. Annual cash flow reaches $5,407/yr on $82,544 to close, and return on cash invested stands at 26.46% in year one. Equity gained on principal adds $1,607/yr while 5% annual appreciation supports $68,794 over five years. Portfolio math shows five-year ROI at 138.38% and total cumulative return in cash at $114,224. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,068/mo property income against a $1,219/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
15.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52172, Waukon, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,882 (100%) |
| Owner Occupied HU | 1,947 (67.6%) |
| Renter Occupied HU | 629 (21.8%) |
| Vacant Housing Units | 306 (10.6%) |
| Median Home Value | $198,845 |
| Average Home Value | $346,424 |
Housing Distribution
Address Breakdown
Residential
2,694
Single Family
2,565
Multi-Family
129
Businesses
294
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices