123 Timber Ridge DrPellaIA50219
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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
Rental property for sale in Pella at 123 Timber Ridge Dr, Pella, IA, 50219 generates $2,491/mo in rent and, after a $1,664/mo payment, leaves $283/mo in cash flow. Total monthly income is $2,491/mo, and annual cash flow is $3,398/yr on $112,677 invested. Return on cash invested sits at 22.92% in year one, and rental yield is 8.79% on a $339,900 entry. Equity gained on principal adds $2,193/yr, while 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 119.44% and total cumulative return in cash sums $134,579. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,491/mo property income rather than buyer’s personal income.
Single Family
Built in 1987
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50219, Pella, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,760 (100%) |
| Owner Occupied HU | 3,786 (65.7%) |
| Renter Occupied HU | 1,557 (27.0%) |
| Vacant Housing Units | 417 ( 7.2%) |
| Median Home Value | $309,649 |
| Average Home Value | $341,465 |
Housing Distribution
Address Breakdown
Residential
5,831
Single Family
5,207
Multi-Family
624
Businesses
566
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