1303 38th StSioux CityIA51104
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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 Sioux City at 1303 38th St, Sioux City, IA, 51104 offers a 9.22% rental yield on a $284,000 purchase with $2,183/mo rent. Total monthly income registers $2,183/mo, and a $1,390/mo payment leaves $339/mo available for distribution. Annual cash flow reaches $4,063/yr on $94,146 to close, and return on cash invested stands at 24.22% in year one. Equity gained on principal adds $1,833/yr while 5% annual appreciation supports $78,464 over five years. Portfolio math shows five-year ROI at 126.38% and total cumulative return in cash at $118,985. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,183/mo property income against a $1,390/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
9,583 sqft lot
$N/A/sqft
No HOA
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Listed by: Chuck Burnett • United Real Estate Solutions
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #830564
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.