2318 Riviera RdSioux CenterIA51250
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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 Sioux Center at 2318 Riviera Rd, Sioux Center, IA, 51250 earns $87/mo cash flow from $3,262/mo rent with a $2,393/mo payment. Total monthly income totals $3,262/mo, and annual cash flow totals $1,039/yr on $162,104 capital. ROI tracks 20.55% on current figures, and rental yield reads 8% at a $489,000 purchase. Equity gained on principal adds $3,155/yr, and 5% annual appreciation supports $135,102 over five years. Five-year ROI reaches 106.68% and total cumulative return in cash sums $172,930. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,262/mo property income instead of your personal income.
Condo
Built in 2008
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51250, Sioux Center, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,283 (100%) |
| Owner Occupied HU | 2,363 (72.0%) |
| Renter Occupied HU | 696 (21.2%) |
| Vacant Housing Units | 224 ( 6.8%) |
| Median Home Value | $319,468 |
| Average Home Value | $343,822 |
Housing Distribution
Address Breakdown
Residential
3,136
Single Family
2,830
Multi-Family
306
Businesses
334
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Listed by: Jennifer D Jansen • Epic Realty Inc.
Mls Name: Northwest Iowa Regional BOR
Mls ID: #830894