204 W 6th StRicevilleIA50466
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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 Riceville at 204 W 6th St, Riceville, IA, 50466 offers a 11.25% rental yield on a $125,000 purchase with $1,172/mo rent. Total monthly income registers $1,172/mo, and a $612/mo payment leaves $360/mo available for distribution. Annual cash flow reaches $4,320/yr on $41,438 to close, and return on cash invested stands at 30.33% in year one. Equity gained on principal adds $807/yr while 5% annual appreciation supports $34,535 over five years. Portfolio math shows five-year ROI at 159.11% and total cumulative return in cash at $65,933. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,172/mo property income against a $612/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1881
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50466, Riceville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 743 (100%) |
| Owner Occupied HU | 543 (73.1%) |
| Renter Occupied HU | 128 (17.2%) |
| Vacant Housing Units | 72 ( 9.7%) |
| Median Home Value | $191,016 |
| Average Home Value | $305,948 |
Housing Distribution
Address Breakdown
Residential
619
Single Family
601
Multi-Family
18
Businesses
49
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