2500 Creekside DrHiawathaIA52233
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 Hiawatha at 2500 Creekside Dr, Hiawatha, IA, 52233 offers a 8.94% rental yield on a $379,950 purchase with $2,830/mo rent. Total monthly income registers $2,830/mo, and a $1,860/mo payment leaves $362/mo available for distribution. Annual cash flow reaches $4,345/yr on $125,953 to close, and return on cash invested stands at 23.36% in year one. Equity gained on principal adds $2,452/yr while 5% annual appreciation supports $104,973 over five years. Portfolio math shows five-year ROI at 121.78% and total cumulative return in cash at $153,381. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,830/mo property income against a $1,860/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
10,800 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices