1342 Hickory AveRock RapidsIA51246
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Rock Rapids at 1342 Hickory Ave, Rock Rapids, IA, 51246 at $659,500 posts ROI 5.27% with from $1,609/mo rent. Total monthly income equals $1,609/mo. Return on cash invested measures 5.27% and rental yield reads 2.93% at the current $659,500. Equity gained on principal adds $4,256/yr, and 5% annual appreciation supports $182,208 by year five. Five-year ROI prints 24.71% and total cumulative return in cash totals $53,612. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,609/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1983
6.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51246, Rock Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,621 (100%) |
| Owner Occupied HU | 1,189 (73.3%) |
| Renter Occupied HU | 297 (18.3%) |
| Vacant Housing Units | 135 ( 8.3%) |
| Median Home Value | $247,222 |
| Average Home Value | $378,673 |
Housing Distribution
Address Breakdown
Residential
1,506
Single Family
1,422
Multi-Family
84
Businesses
166
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Delbert L Beyer • Siouxland Town & Country Realty
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #828200
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.