230 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 230 Rice Ave, Doon, IA, 51235 priced at $187,500 converts $0/mo rent into after a $918/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -3.61% in year one, and rental yield reads 0% against a $187,500 entry. Equity gained on principal adds $1,210/yr, while 5% annual appreciation compiles into $51,803 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $918/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
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices