20649 247th StDelhiIA52223
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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
Rental property for sale in Delhi at 20649 247th St, Delhi, IA, 52223 generates $1,756/mo in rent, after a $2,619/mo payment. Total monthly income is $1,756/mo. Return on cash invested sits at 8.11% in year one, and rental yield is 3.94% on a $535,000 entry. Equity gained on principal adds $3,452/yr, while 5% annual appreciation builds toward $147,811 over five years. Five-year ROI reaches 40.04% and total cumulative return in cash sums $70,480. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,756/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
0.50 Acres lot
$N/A/sqft
$400 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52223, Delhi, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,118 (100%) |
| Owner Occupied HU | 581 (52.0%) |
| Renter Occupied HU | 73 ( 6.5%) |
| Vacant Housing Units | 464 (41.5%) |
| Median Home Value | $303,398 |
| Average Home Value | $477,629 |
Housing Distribution
Address Breakdown
Residential
552
Single Family
552
Multi-Family
0
Businesses
48
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Listed by: Madeline Evans • Exchange Brokers
Mls Name: East Central Iowa AOR
Mls Provider:
Mls ID: #151491
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.