2821 Abilene AveRedfieldIA50233
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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 Redfield at 2821 Abilene Ave, Redfield, IA, 50233 generates $1,614/mo in rent, after a $3,079/mo payment. Total monthly income is $1,614/mo. Return on cash invested sits at 5.73% in year one, and rental yield is 3.08% on a $629,000 entry. Equity gained on principal adds $4,059/yr, while 5% annual appreciation builds toward $173,781 over five years. Five-year ROI reaches 27.17% and total cumulative return in cash sums $56,229. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,614/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50233, Redfield, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 620 (100%) |
| Owner Occupied HU | 467 (75.3%) |
| Renter Occupied HU | 103 (16.6%) |
| Vacant Housing Units | 50 ( 8.1%) |
| Median Home Value | $213,068 |
| Average Home Value | $289,336 |
Housing Distribution
Address Breakdown
Residential
301
Single Family
301
Multi-Family
0
Businesses
31
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Listed by: Kelly Lorenzen • RE/MAX Revolution
Mls Name: DMMLS
Mls Provider:
Mls ID: #716392
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.