19288 Shadow AveHoney 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
Rental property for sale in Honey Creek at 19288 Shadow Ave, Honey Creek, IA, 51542 generates $2,800/mo in rent, after a $2,203/mo payment. Total monthly income is $2,800/mo. Return on cash invested sits at 18.92% in year one, and rental yield is 7.47% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 97.92% and total cumulative return in cash sums $146,070. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,800/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
4.36 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: Sara Anne Porter • BHHS Ambassador Real Estate
Mls Name: SWIAR
Mls ID: #25-1429
Disclaimer: Copyright Southwest Iowa Association of Realtors. All rights reserved. Data is deemed reliable but is not guaranteed accurate by the MLS.