211 E Prairie StIoniaIA50645
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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 Ionia at 211 E Prairie St, Ionia, IA, 50645 earns $810/mo cash flow from $1,634/mo rent with a $621/mo payment. Total monthly income totals $1,634/mo, and annual cash flow totals $9,721/yr on $42,034 capital. ROI tracks 43.04% on current figures, and rental yield reads 15.46% at a $126,800 purchase. Equity gained on principal adds $818/yr, and 5% annual appreciation supports $35,033 over five years. Five-year ROI reaches 227.37% and total cumulative return in cash sums $95,574. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,634/mo property income instead of your personal income.
Single Family
Built in 1880
2.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50645, Ionia, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 481 (100%) |
| Owner Occupied HU | 377 (78.4%) |
| Renter Occupied HU | 57 (11.9%) |
| Vacant Housing Units | 47 ( 9.8%) |
| Median Home Value | $249,405 |
| Average Home Value | $322,858 |
Housing Distribution
Address Breakdown
Residential
404
Single Family
404
Multi-Family
0
Businesses
6
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