28 Melody CtKeokukIA52632
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 Keokuk at 28 Melody Ct, Keokuk, IA, 52632 uses $51,349 cash to close to unlock $170/yr annual cash flow and $14/mo monthly cash flow. Total monthly income runs $1,020/mo, and a $758/mo payment keeps the spread at $14/mo. Purchase price stands at $154,900, and rental yield measures 7.9% with $1,020/mo rent. Return on cash invested shows 20.24% in year one, and 5% annual appreciation builds toward $42,796 over five years. Five-year ROI reaches 105.11% and total cumulative return in cash records $53,972. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,020/mo property income covering a $758/mo payment rather than investor’s personal income.
Single Family
Built in 1964
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52632, Keokuk, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,698 (100%) |
| Owner Occupied HU | 3,476 (61.0%) |
| Renter Occupied HU | 1,509 (26.5%) |
| Vacant Housing Units | 713 (12.5%) |
| Median Home Value | $121,543 |
| Average Home Value | $172,788 |
Housing Distribution
Address Breakdown
Residential
5,095
Single Family
4,746
Multi-Family
349
Businesses
533
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices