1311 Canal Ct SE #1.5Orange CityIA51041
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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 Orange City at 1311 Canal Ct SE #1.5, Orange City, IA, 51041 offers a 11.56% rental yield on a $285,900 purchase with $2,753/mo rent. Total monthly income registers $2,753/mo, and a $1,399/mo payment leaves $722/mo available for distribution. Annual cash flow reaches $8,659/yr on $94,776 to close, and return on cash invested stands at 29.04% in year one. Equity gained on principal adds $1,845/yr while 5% annual appreciation supports $78,989 over five years. Portfolio math shows five-year ROI at 153.04% and total cumulative return in cash at $145,045. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,753/mo property income against a $1,399/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2023
4,356 sqft lot
$N/A/sqft
$175 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51041, Orange City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,694 (100%) |
| Owner Occupied HU | 1,956 (72.6%) |
| Renter Occupied HU | 585 (21.7%) |
| Vacant Housing Units | 153 ( 5.7%) |
| Median Home Value | $278,455 |
| Average Home Value | $309,011 |
Housing Distribution
Address Breakdown
Residential
2,586
Single Family
2,408
Multi-Family
178
Businesses
271
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Listed by: Jill Pluim • Realty Associates
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #824751
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.