226 Rice AveDoonIA51235
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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 Doon at 226 Rice Ave, Doon, IA, 51235 priced at $190,000 converts $1,322/mo rent into $88/mo cash flow after a $930/mo obligation. Total monthly income equals $1,322/mo, and annual cash flow totals $1,056/yr on $62,985 invested. Return on cash invested prints 21.59% in year one, and rental yield reads 8.35% against a $190,000 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation compiles into $52,494 by year five. Five-year ROI reaches 112.22% and total cumulative return in cash sums $70,680. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,322/mo property income covering a $930/mo payment, not borrower’s personal income.
Single Family
Built in 1930
7,638 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51235, Doon, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 416 (100%) |
| Owner Occupied HU | 359 (86.3%) |
| Renter Occupied HU | 45 (10.8%) |
| Vacant Housing Units | 12 ( 2.9%) |
| Median Home Value | $266,026 |
| Average Home Value | $332,737 |
Housing Distribution
Address Breakdown
Residential
194
Single Family
194
Multi-Family
0
Businesses
31
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