1838 Indiana AveIndependenceIA50644
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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 Independence at 1838 Indiana Ave, Independence, IA, 50644 with 5% annual appreciation on a $484,900 basis while $1,933/mo rent supports operations. 83% in year one. Equity gained on principal adds $3,129/yr, and five-year appreciation sums $133,969 alongside rental yield of 4.78%. Five-year ROI measures 54.59% and total cumulative return in cash totals $87,751. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,933/mo property income versus a $2,373/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1984
4.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50644, Independence, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,008 (100%) |
| Owner Occupied HU | 2,849 (71.1%) |
| Renter Occupied HU | 834 (20.8%) |
| Vacant Housing Units | 325 ( 8.1%) |
| Median Home Value | $194,271 |
| Average Home Value | $234,427 |
Housing Distribution
Address Breakdown
Residential
3,855
Single Family
3,588
Multi-Family
267
Businesses
351
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Listed by: Madeline Evans • Consumer Equity LLC
Mls Name: East Central Iowa AOR
Mls Provider:
Mls ID: #150311
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.