203 Michigan Ave NWOrange CityIA51041
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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 Orange City at 203 Michigan Ave NW, Orange City, IA, 51041 with 5% annual appreciation on a $465,000 basis while $3,242/mo rent supports operations. Total monthly income totals $3,242/mo and a $2,276/mo payment preserves $222/mo for cash returns. Annual cash flow comes to $2,664/yr on $154,148 deployed, and return on cash invested reaches 21.64% in year one. Equity gained on principal adds $3,001/yr, and five-year appreciation sums $128,471 alongside rental yield of 8.37%. Five-year ROI measures 112.49% and total cumulative return in cash totals $173,399.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,242/mo property income versus a $2,276/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1989
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51041, Orange City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,694 (100%) |
| Owner Occupied HU | 1,956 (72.6%) |
| Renter Occupied HU | 585 (21.7%) |
| Vacant Housing Units | 153 ( 5.7%) |
| Median Home Value | $278,455 |
| Average Home Value | $309,011 |
Housing Distribution
Address Breakdown
Residential
2,586
Single Family
2,408
Multi-Family
178
Businesses
271
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Listed by: Douglas Julius • Epic Realty Inc.
Mls Name: Northwest Iowa Regional BOR
Mls ID: #829769