203 1st Ave SDakota CityIA50529
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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 Dakota City at 203 1st Ave S, Dakota City, IA, 50529 listed at $159,000 pairs $1,217/mo rent with a $778/mo payment to leave $185/mo cash flow. Total monthly income runs $1,217/mo, and annual cash flow reaches $2,215/yr on $52,709 cash to close. Return on cash invested measures 24.11% in year one, and rental yield registers 9.18% at a $159,000 basis. Equity gained on principal adds $1,026/yr, and annual property appreciation at 5% supports $43,929 by year five. Five-year ROI tracks 125.83% and total cumulative return in cash totals $66,324. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,217/mo property income relative to a $778/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1880
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50529, Dakota City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 407 (100%) |
| Owner Occupied HU | 303 (74.4%) |
| Renter Occupied HU | 71 (17.4%) |
| Vacant Housing Units | 33 ( 8.1%) |
| Median Home Value | $153,484 |
| Average Home Value | $170,652 |
Housing Distribution
Address Breakdown
Residential
223
Single Family
220
Multi-Family
3
Businesses
26
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Listed by: Deb Almond • Growthland Realty
Mls Name: NoCoast MLS as distributed by MLS GRID
Mls ID: #6334492