1255 Iowa StPellaIA50219
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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 Pella at 1255 Iowa St, Pella, IA, 50219 uses $150,170 cash to close to unlock $10,790/yr annual cash flow and $899/mo monthly cash flow. Total monthly income runs $3,841/mo, and a $2,217/mo payment keeps the spread at $899/mo. Purchase price stands at $453,000, and rental yield measures 10.17% with $3,841/mo rent. Return on cash invested shows 27.09% in year one, and 5% annual appreciation builds toward $125,156 over five years. Five-year ROI reaches 141.8% and total cumulative return in cash records $212,940. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,841/mo property income covering a $2,217/mo payment rather than investor’s personal income.
Single Family
Built in 2006
0.55 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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Listed by: Benjamin Lantz • Mid North Realty
Mls Name: DMMLS
Mls Provider:
Mls ID: #720781
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.