1473-2320 N Dakota RdIolaKS66749
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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 Iola at 1473-2320 N Dakota Rd, Iola, KS, 66749 uses $103,196 cash to close to unlock $3,008/yr annual cash flow and $251/mo monthly cash flow. Total monthly income runs $2,322/mo, and a $1,524/mo payment keeps the spread at $251/mo. Purchase price stands at $311,300, and rental yield measures 8.95% with $2,322/mo rent. Return on cash invested shows 22.82% in year one, and 5% annual appreciation builds toward $86,006 over five years. Five-year ROI reaches 119.08% and total cumulative return in cash records $122,888. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,322/mo property income covering a $1,524/mo payment rather than investor’s personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66749, Iola, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,643 (100%) |
| Owner Occupied HU | 2,021 (55.5%) |
| Renter Occupied HU | 1,108 (30.4%) |
| Vacant Housing Units | 514 (14.1%) |
| Median Home Value | $99,959 |
| Average Home Value | $131,522 |
Housing Distribution
Address Breakdown
Residential
3,087
Single Family
2,984
Multi-Family
103
Businesses
404
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