1633 & 1635 S Fairmount StSioux CityIA51106
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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 1633 & 1635 S Fairmount St, Sioux City, IA, 51106 generates $1,896/mo in rent and, after a $563/mo payment, leaves $1,149/mo in cash flow. Total monthly income is $1,896/mo, and annual cash flow is $13,788/yr on $38,123 invested. Return on cash invested sits at 56.08% in year one, and rental yield is 19.78% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 297.17% and total cumulative return in cash sums $113,289. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,896/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51106, Sioux City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,768 (100%) |
| Owner Occupied HU | 7,360 (62.5%) |
| Renter Occupied HU | 3,590 (30.5%) |
| Vacant Housing Units | 818 ( 7.0%) |
| Median Home Value | $197,140 |
| Average Home Value | $242,635 |
Housing Distribution
Address Breakdown
Residential
12,068
Single Family
10,365
Multi-Family
1,703
Businesses
933
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Listed by: Jessica Cross • NextHome Tri State Realty
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #829477
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.