1303 N Prairie 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 1303 N Prairie St, Pella, IA, 50219 uses $109,064 cash to close to unlock $631/yr annual cash flow and $53/mo monthly cash flow. Total monthly income runs $2,189/mo, and a $1,610/mo payment keeps the spread at $53/mo. Purchase price stands at $329,000, and rental yield measures 7.98% with $2,189/mo rent. Return on cash invested shows 20.49% in year one, and 5% annual appreciation builds toward $90,897 over five years. Five-year ROI reaches 106.36% and total cumulative return in cash records $116,001. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,189/mo property income covering a $1,610/mo payment rather than investor’s personal income.
Single Family
Built in 1987
0.32 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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