1721 Highway 70NicholsIA52766
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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 Nichols at 1721 Highway 70, Nichols, IA, 52766 generates $1,074/mo in rent and, after a $734/mo payment, leaves $100/mo in cash flow. Total monthly income is $1,074/mo, and annual cash flow is $1,200/yr on $49,725 invested. Return on cash invested sits at 22.32% in year one, and rental yield is 8.59% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 116.16% and total cumulative return in cash sums $57,762. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,074/mo property income rather than buyer’s personal income.
Lot
Built in 1869
5.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52766, Nichols, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 324 (100%) |
| Owner Occupied HU | 238 (73.5%) |
| Renter Occupied HU | 61 (18.8%) |
| Vacant Housing Units | 25 ( 7.7%) |
| Median Home Value | $238,462 |
| Average Home Value | $354,275 |
Housing Distribution
Address Breakdown
Residential
210
Single Family
210
Multi-Family
0
Businesses
17
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Listed by: Brad Akers • Robertson Real Estate Inc
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202405327
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it 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 accurate by the MLS.