2919 Diamondback RdHiawathaIA52233
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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 Hiawatha at 2919 Diamondback Rd, Hiawatha, IA, 52233 offers a 8.58% rental yield on a $627,500 purchase with $4,486/mo rent. Total monthly income registers $4,486/mo, and a $3,071/mo payment leaves $371/mo available for distribution. Annual cash flow reaches $4,454/yr on $206,448 to close, and return on cash invested stands at 22.22% in year one. Equity gained on principal adds $4,049/yr while 5% annual appreciation supports $173,367 over five years. Portfolio math shows five-year ROI at 115.7% and total cumulative return in cash at $238,854. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,486/mo property income against a $3,071/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
0.40 Acres lot
$N/A/sqft
$240 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: Rachel Sutton • RE/MAX CONCEPTS
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2504297
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.