207 S Main StDanvilleIA52623
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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 Danville at 207 S Main St, Danville, IA, 52623 priced at $140,000 converts $1,496/mo rent into $587/mo cash flow after a $685/mo obligation. Total monthly income equals $1,496/mo, and annual cash flow totals $7,044/yr on $46,410 invested. Return on cash invested prints 35.09% in year one, and rental yield reads 12.82% against a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,679 by year five. Five-year ROI reaches 184.64% and total cumulative return in cash sums $85,690. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,496/mo property income covering a $685/mo payment, not borrower’s personal income.
Single Family
Built in 1900
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52623, Danville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 826 (100%) |
| Owner Occupied HU | 664 (80.4%) |
| Renter Occupied HU | 112 (13.6%) |
| Vacant Housing Units | 50 ( 6.1%) |
| Median Home Value | $225,701 |
| Average Home Value | $271,773 |
Housing Distribution
Address Breakdown
Residential
694
Single Family
678
Multi-Family
16
Businesses
40
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Listed by: Leiah Prall • Century 21/Property Profession
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6328399
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.