1901 Plank RdKeokukIA52632
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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 Keokuk at 1901 Plank Rd, Keokuk, IA, 52632 offers $1,020/mo rent that, after a $600/mo payment, leaves $224/mo cash flow. Total monthly income is $1,020/mo, and annual cash flow is $2,688/yr on $40,609 cash. Return on cash invested measures 26.53% in year one, and rental yield stands at 9.99% at a $122,500 entry. Equity gained on principal adds $790/yr while 5% annual appreciation compounds into $33,844 by year five. Five-year ROI records 138.74% and total cumulative return in cash reaches $56,340. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,020/mo property income versus a $600/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52632, Keokuk, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,698 (100%) |
| Owner Occupied HU | 3,476 (61.0%) |
| Renter Occupied HU | 1,509 (26.5%) |
| Vacant Housing Units | 713 (12.5%) |
| Median Home Value | $121,543 |
| Average Home Value | $172,788 |
Housing Distribution
Address Breakdown
Residential
5,095
Single Family
4,746
Multi-Family
349
Businesses
533
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Listed by: Vicki L Briscoe • The People's Real Estate
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6326941
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.