1506 Apple DrIndianolaIA50125
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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
Rental property for sale in Indianola at 1506 Apple Dr, Indianola, IA, 50125 offers $2,658/mo rent that, after a $1,762/mo payment, leaves $320/mo cash flow. Total monthly income is $2,658/mo, and annual cash flow is $3,840/yr on $119,340 cash. Return on cash invested measures 23.13% in year one, and rental yield stands at 8.86% at a $359,999 entry. Equity gained on principal adds $2,323/yr while 5% annual appreciation compounds into $99,461 by year five. Five-year ROI records 120.48% and total cumulative return in cash reaches $143,781. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,658/mo property income versus a $1,762/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50125, Indianola, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,941 (100%) |
| Owner Occupied HU | 6,204 (69.4%) |
| Renter Occupied HU | 2,072 (23.2%) |
| Vacant Housing Units | 665 ( 7.4%) |
| Median Home Value | $256,652 |
| Average Home Value | $303,097 |
Housing Distribution
Address Breakdown
Residential
8,498
Single Family
7,374
Multi-Family
1,124
Businesses
578
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Listed by: Misty Darling • BH&G Real Estate Innovations
Mls Name: DMMLS
Mls Provider:
Mls ID: #727303
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.