2317 Summit StSioux CityIA51104
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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 Sioux City at 2317 Summit St, Sioux City, IA, 51104 offers $1,885/mo rent that, after a $1,126/mo payment, leaves $372/mo cash flow. Total monthly income is $1,885/mo, and annual cash flow is $4,469/yr on $76,245 cash. Return on cash invested measures 25.77% in year one, and rental yield stands at 9.83% at a $230,000 entry. Equity gained on principal adds $1,484/yr while 5% annual appreciation compounds into $63,545 by year five. Five-year ROI records 134.81% and total cumulative return in cash reaches $102,787. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,885/mo property income versus a $1,126/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1919
6,534 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Aaron Tyler • Keller Williams Siouxland
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #829209
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.