1637 Hickory Bend CtDe WittIA52742
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 De Witt at 1637 Hickory Bend Ct, De Witt, IA, 52742 priced at $450,000 pairs $3,143/mo rent with $180/mo cash flow after a $2,203/mo payment. Total monthly income equals $3,143/mo, and annual cash flow comes to $2,154/yr on $149,175 invested. Return on cash invested is 21.35% in year one, and rental yield stands at 8.38% on a $450,000 basis. Equity gained on principal adds $2,904/yr, and 5% annual appreciation accumulates to $124,327 by year five. Five-year ROI measures 111.12% and total cumulative return in cash reaches $165,762. For financing, Ziffy Mortgage’s DSCR program evaluates $3,143/mo property income against a $2,203/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2005
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52742, De Witt, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,330 (100%) |
| Owner Occupied HU | 2,409 (72.3%) |
| Renter Occupied HU | 728 (21.9%) |
| Vacant Housing Units | 193 ( 5.8%) |
| Median Home Value | $273,680 |
| Average Home Value | $299,149 |
Housing Distribution
Address Breakdown
Residential
3,208
Single Family
3,080
Multi-Family
128
Businesses
291
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shelly Borota • Ruhl&Ruhl REALTORS DeWitt
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4262783
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.