1616 W Palmer AveSioux CityIA51103
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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 Sioux City at 1616 W Palmer Ave, Sioux City, IA, 51103 priced at $139,500 pairs $1,818/mo rent with $912/mo cash flow after a $683/mo payment. Total monthly income equals $1,818/mo, and annual cash flow comes to $10,942/yr on $46,244 invested. Return on cash invested is 43.57% in year one, and rental yield stands at 15.64% on a $139,500 basis. Equity gained on principal adds $900/yr, and 5% annual appreciation accumulates to $38,541 by year five. Five-year ROI measures 230.14% and total cumulative return in cash reaches $106,425. For financing, Ziffy Mortgage’s DSCR program evaluates $1,818/mo property income against a $683/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
4,028 sqft lot
$N/A/sqft
No HOA
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Listed by: Julie Stevenson Fischer • Premier Realty Group
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #825828
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.