2729 S Palmetto StSioux CityIA51106
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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 City at 2729 S Palmetto St, Sioux City, IA, 51106 uses $39,780 cash to close to unlock $1,800/yr annual cash flow and $150/mo monthly cash flow. Total monthly income runs $929/mo, and a $587/mo payment keeps the spread at $150/mo. Purchase price stands at $119,999, and rental yield measures 9.29% with $929/mo rent. Return on cash invested shows 24.43% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 127.5% and total cumulative return in cash records $50,719. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $929/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1910
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51106, Sioux City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,768 (100%) |
| Owner Occupied HU | 7,360 (62.5%) |
| Renter Occupied HU | 3,590 (30.5%) |
| Vacant Housing Units | 818 ( 7.0%) |
| Median Home Value | $197,140 |
| Average Home Value | $242,635 |
Housing Distribution
Address Breakdown
Residential
12,068
Single Family
10,365
Multi-Family
1,703
Businesses
933
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Listed by: Stephanie Dattolico • Gateway Real Estate Advisors
Mls Name: Northwest Iowa Regional BOR
Mls ID: #831342