1502 6th AveBelle PlaineIA52208
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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 Belle Plaine at 1502 6th Ave, Belle Plaine, IA, 52208 offers a 10.38% rental yield on a $129,950 purchase with $1,124/mo rent. Total monthly income registers $1,124/mo, and a $636/mo payment leaves $280/mo available for distribution. Annual cash flow reaches $3,361/yr on $43,078 to close, and return on cash invested stands at 27.71% in year one. Equity gained on principal adds $839/yr while 5% annual appreciation supports $35,903 over five years. Portfolio math shows five-year ROI at 145.18% and total cumulative return in cash at $62,543. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,124/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1880
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52208, Belle Plaine, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,417 (100%) |
| Owner Occupied HU | 960 (67.7%) |
| Renter Occupied HU | 258 (18.2%) |
| Vacant Housing Units | 199 (14.0%) |
| Median Home Value | $120,603 |
| Average Home Value | $170,320 |
Housing Distribution
Address Breakdown
Residential
1,350
Single Family
1,331
Multi-Family
19
Businesses
115
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Listed by: Graf Home Selling Team • GRAF REAL ESTATE, ERA POWERED
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2501371
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.