2400 E Solway 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 2400 E Solway St, Sioux City, IA, 51104 generates $2,724/mo in rent and, after a $1,811/mo payment, leaves $321/mo in cash flow. Total monthly income is $2,724/mo, and annual cash flow is $3,852/yr on $122,655 invested. Return on cash invested sits at 23.05% in year one, and rental yield is 8.83% on a $370,000 entry. Equity gained on principal adds $2,388/yr, while 5% annual appreciation builds toward $102,224 over five years. Five-year ROI reaches 120.07% and total cumulative return in cash sums $147,269. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,724/mo property income rather than buyer’s personal income.
Single Family
Built in 1951
0.28 Acres lot
$N/A/sqft
No HOA
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Listed by: Toni Delfs • Keller Williams Siouxland
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #829827
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.