201 6th StSioux RapidsIA50585
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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 Sioux Rapids at 201 6th St, Sioux Rapids, IA, 50585 uses $55,692 cash to close to unlock $5,990/yr annual cash flow and $499/mo monthly cash flow. Total monthly income runs $1,590/mo, and a $822/mo payment keeps the spread at $499/mo. Purchase price stands at $168,000, and rental yield measures 11.36% with $1,590/mo rent. Return on cash invested shows 30.67% in year one, and 5% annual appreciation builds toward $46,415 over five years. Five-year ROI reaches 161.01% and total cumulative return in cash records $89,669. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,590/mo property income covering a $822/mo payment rather than investor’s personal income.
Single Family
Built in 1890
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50585, Sioux Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 536 (100%) |
| Owner Occupied HU | 371 (69.2%) |
| Renter Occupied HU | 97 (18.1%) |
| Vacant Housing Units | 68 (12.7%) |
| Median Home Value | $116,146 |
| Average Home Value | $169,730 |
Housing Distribution
Address Breakdown
Residential
273
Single Family
251
Multi-Family
22
Businesses
48
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Listed by: Rusty W Rasmus • Rasmus Realty & Auction
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #828818
Disclaimer: Information being provided is for consumers' personal, non-commercial use and 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.