203 2nd StViningIA52348
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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 Vining at 203 2nd St, Vining, IA, 52348 priced at $199,000 converts $941/mo rent into after a $974/mo obligation. Total monthly income equals $941/mo. Return on cash invested prints 13.52% in year one, and rental yield reads 5.67% against a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation compiles into $54,980 by year five. Five-year ROI reaches 68.99% and total cumulative return in cash sums $45,510. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $941/mo property income covering a $974/mo payment, not borrower’s personal income.
Manufactured
Built in 2022
0.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52348, Vining, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30 (100%) |
| Owner Occupied HU | 29 (96.7%) |
| Renter Occupied HU | 1 ( 3.3%) |
| Vacant Housing Units | 0 |
| Median Home Value | $118,750 |
| Average Home Value | $183,103 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
5
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Listed by: Dallas Boerm • EXIT Realty & Associates
Mls Name: DMMLS
Mls Provider:
Mls ID: #723323
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.