1271 Old Portland RdVan MeterIA50261
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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 Van Meter at 1271 Old Portland Rd, Van Meter, IA, 50261 offers a 2.17% rental yield on a $1,224,900 purchase with $2,220/mo rent. 03% in year one. Equity gained on principal adds $7,904/yr while 5% annual appreciation supports $338,417 over five years. Portfolio math shows five-year ROI at 12.65% and total cumulative return in cash at $50,189. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,220/mo property income against a $5,995/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
17.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50261, Van Meter, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,207 (100%) |
| Owner Occupied HU | 982 (81.4%) |
| Renter Occupied HU | 119 ( 9.9%) |
| Vacant Housing Units | 106 ( 8.8%) |
| Median Home Value | $523,148 |
| Average Home Value | $553,473 |
Housing Distribution
Address Breakdown
Residential
1,026
Single Family
1,014
Multi-Family
12
Businesses
39
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