1538 Rainbow DrBelle 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
Rental property for sale in Belle Plaine at 1538 Rainbow Dr, Belle Plaine, IA, 52208 generates $1,475/mo in rent and, after a $1,101/mo payment, leaves $14/mo in cash flow. Total monthly income is $1,475/mo, and annual cash flow is $170/yr on $74,554 invested. Return on cash invested sits at 20.14% in year one, and rental yield is 7.87% on a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 104.53% and total cumulative return in cash sums $77,929. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,475/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
0.28 Acres 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: Amber McLeod • McLeod Home Team Realty
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2504075
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.