250 Cimarron Dr UNIT 122HiawathaIA52233
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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 Hiawatha at 250 Cimarron Dr UNIT 122, Hiawatha, IA, 52233 uses $47,239 cash to close to unlock $1,775/yr annual cash flow and $148/mo monthly cash flow. Total monthly income runs $1,315/mo, and a $697/mo payment keeps the spread at $148/mo. Purchase price stands at $142,500, and rental yield measures 11.07% with $1,315/mo rent. Return on cash invested shows 23.67% in year one, and 5% annual appreciation builds toward $39,370 over five years. Five-year ROI reaches 125.62% and total cumulative return in cash records $59,343. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,315/mo property income covering a $697/mo payment rather than investor’s personal income.
Condo
Built in 2000
N/A lot
$N/A/sqft
$230 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52233, Hiawatha, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,235 (100%) |
| Owner Occupied HU | 1,934 (59.8%) |
| Renter Occupied HU | 1,107 (34.2%) |
| Vacant Housing Units | 194 ( 6.0%) |
| Median Home Value | $226,802 |
| Average Home Value | $227,545 |
Housing Distribution
Address Breakdown
Residential
3,357
Single Family
2,339
Multi-Family
1,018
Businesses
566
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Listed by: Deanna Long • COLDWELL BANKER HEDGES
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2503995
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.