209 3rd St NEOrange CityIA51041
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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 Orange City at 209 3rd St NE, Orange City, IA, 51041 uses $74,256 cash to close to unlock $5,203/yr annual cash flow and $434/mo monthly cash flow. Total monthly income runs $1,888/mo, and a $1,096/mo payment keeps the spread at $434/mo. Purchase price stands at $224,000, and rental yield measures 10.11% with $1,888/mo rent. Return on cash invested shows 26.92% in year one, and 5% annual appreciation builds toward $61,887 over five years. Five-year ROI reaches 140.83% and total cumulative return in cash records $104,575. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,888/mo property income covering a $1,096/mo payment rather than investor’s personal income.
Single Family
Built in 1937
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51041, Orange City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,694 (100%) |
| Owner Occupied HU | 1,956 (72.6%) |
| Renter Occupied HU | 585 (21.7%) |
| Vacant Housing Units | 153 ( 5.7%) |
| Median Home Value | $278,455 |
| Average Home Value | $309,011 |
Housing Distribution
Address Breakdown
Residential
2,586
Single Family
2,408
Multi-Family
178
Businesses
271
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Listed by: Adam Doughan • Real Broker, LLC
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #828595
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.