1401 S Greene StRock RapidsIA51246
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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 Rock Rapids at 1401 S Greene St, Rock Rapids, IA, 51246 listed at $1,637,500 pairs $3,186/mo rent with a $8,015/mo payment. Total monthly income runs $3,186/mo. Return on cash invested measures 3.52% in year one, and rental yield registers 2.33% at a $1,637,500 basis. Equity gained on principal adds $10,567/yr, and annual property appreciation at 5% supports $452,411 by year five. Five-year ROI tracks 15.27% and total cumulative return in cash totals $81,029. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,186/mo property income relative to a $8,015/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2016
0.66 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
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Listed by: Heidi Kock • Frontier Insurance & Realty
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #828334
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.