2794 Tower Site Dr NESolonIA52333
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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 Solon at 2794 Tower Site Dr NE, Solon, IA, 52333 uses $174,041 cash to close to unlock $5,227/yr annual cash flow and $436/mo monthly cash flow. Total monthly income runs $3,871/mo, and a $2,589/mo payment keeps the spread at $436/mo. Purchase price stands at $529,000, and rental yield measures 8.78% with $3,871/mo rent. Return on cash invested shows 23.06% in year one, and 5% annual appreciation builds toward $146,153 over five years. Five-year ROI reaches 120.13% and total cumulative return in cash records $209,081. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,871/mo property income covering a $2,589/mo payment rather than investor’s personal income.
Single Family
Built in 1994
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52333, Solon, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,033 (100%) |
| Owner Occupied HU | 2,525 (83.3%) |
| Renter Occupied HU | 345 (11.4%) |
| Vacant Housing Units | 163 ( 5.4%) |
| Median Home Value | $386,995 |
| Average Home Value | $538,050 |
Housing Distribution
Address Breakdown
Residential
2,914
Single Family
2,840
Multi-Family
74
Businesses
179
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