16514 Dixon DrHoney CreekIA51542
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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
Investment property for sale in Honey Creek at 16514 Dixon Dr, Honey Creek, IA, 51542 earns from $2,059/mo rent with a $3,793/mo payment. Total monthly income totals $2,059/mo. ROI tracks 6.06% on current figures, and rental yield reads 3.19% at a $775,000 purchase. Equity gained on principal adds $5,001/yr, and 5% annual appreciation supports $214,118 over five years. Five-year ROI reaches 28.96% and total cumulative return in cash sums $73,843. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,059/mo property income instead of your personal income.
Single Family
Built in 1996
1.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51542, Honey Creek, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 401 (100%) |
| Owner Occupied HU | 353 (88.0%) |
| Renter Occupied HU | 34 ( 8.5%) |
| Vacant Housing Units | 14 ( 3.5%) |
| Median Home Value | $364,904 |
| Average Home Value | $405,623 |
Housing Distribution
Address Breakdown
Residential
414
Single Family
413
Multi-Family
1
Businesses
4
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Listed by: Ed Spencer • Ed Spencer Real Estate
Mls Name: SWIAR
Mls ID: #25-1377