2817 Prairielight DrHiawathaIA52233
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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
Rental property for sale in Hiawatha at 2817 Prairielight Dr, Hiawatha, IA, 52233 priced at $402,990 converts $3,782/mo rent into $1,157/mo cash flow after a $1,972/mo obligation. Total monthly income equals $3,782/mo, and annual cash flow totals $13,883/yr on $133,591 invested. Return on cash invested prints 30.3% in year one, and rental yield reads 11.26% against a $402,990 entry. Equity gained on principal adds $2,600/yr, while 5% annual appreciation compiles into $111,339 by year five. Five-year ROI reaches 158.98% and total cumulative return in cash sums $212,383. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,782/mo property income covering a $1,972/mo payment, not borrower’s personal income.
Single Family
Built in 2024
0.40 Acres lot
$N/A/sqft
$100 annually 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: Kathryn Greer • DRH Realty Of Iowa, LLC
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2401624
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.