203 Park AveStory CityIA50248
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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 Story City at 203 Park Ave, Story City, IA, 50248 priced at $257,000 pairs $2,023/mo rent with $354/mo cash flow after a $1,258/mo payment. Total monthly income equals $2,023/mo, and annual cash flow comes to $4,246/yr on $85,196 invested. Return on cash invested is 24.89% in year one, and rental yield stands at 9.45% on a $257,000 basis. Equity gained on principal adds $1,658/yr, and 5% annual appreciation accumulates to $71,004 by year five. Five-year ROI measures 129.96% and total cumulative return in cash reaches $110,724. For financing, Ziffy Mortgage’s DSCR program evaluates $2,023/mo property income against a $1,258/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1885
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50248, Story City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,119 (100%) |
| Owner Occupied HU | 1,434 (67.7%) |
| Renter Occupied HU | 514 (24.3%) |
| Vacant Housing Units | 171 ( 8.1%) |
| Median Home Value | $244,920 |
| Average Home Value | $312,753 |
Housing Distribution
Address Breakdown
Residential
2,008
Single Family
1,678
Multi-Family
330
Businesses
166
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Listed by: Real Estate Team, Jennings • RE/MAX REAL ESTATE CENTER
Mls Name: CIBR
Mls ID: #68624