220 6th StMerrillIA51038
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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 Merrill at 220 6th St, Merrill, IA, 51038 listed at $205,000 pairs $1,555/mo rent with a $1,003/mo payment to leave $224/mo cash flow. Total monthly income runs $1,555/mo, and annual cash flow reaches $2,688/yr on $67,958 cash to close. Return on cash invested measures 23.86% in year one, and rental yield registers 9.1% at a $205,000 basis. Equity gained on principal adds $1,323/yr, and annual property appreciation at 5% supports $56,638 by year five. Five-year ROI tracks 124.43% and total cumulative return in cash totals $84,558. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,555/mo property income relative to a $1,003/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1976
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51038, Merrill, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 603 (100%) |
| Owner Occupied HU | 480 (79.6%) |
| Renter Occupied HU | 82 (13.6%) |
| Vacant Housing Units | 41 ( 6.8%) |
| Median Home Value | $234,848 |
| Average Home Value | $296,286 |
Housing Distribution
Address Breakdown
Residential
394
Single Family
394
Multi-Family
0
Businesses
37
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