214 3rd St NEOrange CityIA51041
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 214 3rd St NE, Orange City, IA, 51041 offers a 11.71% rental yield on a $148,000 purchase with $1,444/mo rent. Total monthly income registers $1,444/mo, and a $724/mo payment leaves $483/mo available for distribution. Annual cash flow reaches $5,798/yr on $49,062 to close, and return on cash invested stands at 31.73% in year one. Equity gained on principal adds $955/yr while 5% annual appreciation supports $40,890 over five years. Portfolio math shows five-year ROI at 166.72% and total cumulative return in cash at $81,794. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,444/mo property income against a $724/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
3,750 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A