206 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
Total monthly income runs $1,062/mo, and a $1,317/mo payment. Purchase price stands at $269,000, and rental yield measures 4.74% with $1,062/mo rent. Return on cash invested shows 10.69% in year one, and 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 53.8% and total cumulative return in cash records $47,975. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,062/mo property income covering a $1,317/mo payment rather than investor’s personal income.
Single Family
Built in 1972
0.29 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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Listed by: Rusty W Rasmus • Rasmus Realty & Auction
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #827786
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.