205 E 2nd StMeridenIA51037
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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 Meriden at 205 E 2nd St, Meriden, IA, 51037 listed at $259,600 pairs $1,590/mo rent with a $1,271/mo payment. Total monthly income runs $1,590/mo. Return on cash invested measures 18.57% in year one, and rental yield registers 7.35% at a $259,600 basis. Equity gained on principal adds $1,675/yr, and annual property appreciation at 5% supports $71,723 by year five. Five-year ROI tracks 96.06% and total cumulative return in cash totals $82,668. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,590/mo property income relative to a $1,271/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1888
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51037, Meriden, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 182 (100%) |
| Owner Occupied HU | 127 (69.8%) |
| Renter Occupied HU | 22 (12.1%) |
| Vacant Housing Units | 33 (18.1%) |
| Median Home Value | $210,185 |
| Average Home Value | $232,461 |
Housing Distribution
Address Breakdown
Residential
80
Single Family
80
Multi-Family
0
Businesses
5
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