2031 S Dakota RdIolaKS66749
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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 Iola at 2031 S Dakota Rd, Iola, KS, 66749 uses $55,228 cash to close to unlock $6,529/yr annual cash flow and $544/mo monthly cash flow. Total monthly income runs $1,652/mo, and a $815/mo payment keeps the spread at $544/mo. Purchase price stands at $166,600, and rental yield measures 11.9% with $1,652/mo rent. Return on cash invested shows 31.73% in year one, and 5% annual appreciation builds toward $46,029 over five years. Five-year ROI reaches 166.95% and total cumulative return in cash records $92,206. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,652/mo property income covering a $815/mo payment rather than investor’s personal income.
Single Family
Built in 1972
12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66749, Iola, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,643 (100%) |
| Owner Occupied HU | 2,021 (55.5%) |
| Renter Occupied HU | 1,108 (30.4%) |
| Vacant Housing Units | 514 (14.1%) |
| Median Home Value | $99,959 |
| Average Home Value | $131,522 |
Housing Distribution
Address Breakdown
Residential
3,087
Single Family
2,984
Multi-Family
103
Businesses
404
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