204 S 15th AveRock RapidsIA51246
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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 Rock Rapids at 204 S 15th Ave, Rock Rapids, IA, 51246 earns from $3,169/mo rent with a $2,435/mo payment. Total monthly income totals $3,169/mo. ROI tracks 19.46% on current figures, and rental yield reads 7.64% at a $497,500 purchase. Equity gained on principal adds $3,210/yr, and 5% annual appreciation supports $137,450 over five years. Five-year ROI reaches 100.82% and total cumulative return in cash sums $166,275. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,169/mo property income instead of your personal income.
Single Family
Built in 2023
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51246, Rock Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,621 (100%) |
| Owner Occupied HU | 1,189 (73.3%) |
| Renter Occupied HU | 297 (18.3%) |
| Vacant Housing Units | 135 ( 8.3%) |
| Median Home Value | $247,222 |
| Average Home Value | $378,673 |
Housing Distribution
Address Breakdown
Residential
1,506
Single Family
1,422
Multi-Family
84
Businesses
166
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Listed by: Kinsey Underberg • Coldwell Banker Empire Realty
Mls Name: Northwest Iowa Regional BOR
Mls ID: #830499