23934 Highway 9Forest CityIA50436
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Forest City at 23934 Highway 9, Forest City, IA, 50436 earns from $3,442/mo rent with a $2,692/mo payment. Total monthly income totals $3,442/mo. ROI tracks 19.2% on current figures, and rental yield reads 7.51% at a $550,000 purchase. Equity gained on principal adds $3,549/yr, and 5% annual appreciation supports $151,955 over five years. Five-year ROI reaches 99.39% and total cumulative return in cash sums $179,842. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,442/mo property income instead of your personal income.
Single Family
Built in 2003
2.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50436, Forest City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,610 (100%) |
| Owner Occupied HU | 1,699 (65.1%) |
| Renter Occupied HU | 621 (23.8%) |
| Vacant Housing Units | 290 (11.1%) |
| Median Home Value | $170,746 |
| Average Home Value | $209,498 |
Housing Distribution
Address Breakdown
Residential
2,366
Single Family
2,185
Multi-Family
181
Businesses
242
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Janet Haugen • Realty ONE Group Black Diamond
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6321192
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.