2956 Highway J22Promise CityIA52583
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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 Promise City at 2956 Highway J22, Promise City, IA, 52583 listed at $279,000 pairs $1,354/mo rent with a $1,366/mo payment. Total monthly income runs $1,354/mo. Return on cash invested measures 13.96% in year one, and rental yield registers 5.82% at a $279,000 basis. Equity gained on principal adds $1,800/yr, and annual property appreciation at 5% supports $77,083 by year five. Five-year ROI tracks 71.35% and total cumulative return in cash totals $65,995. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,354/mo property income relative to a $1,366/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1980
5.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52583, Promise City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 161 (100%) |
| Owner Occupied HU | 116 (72.0%) |
| Renter Occupied HU | 11 ( 6.8%) |
| Vacant Housing Units | 34 (21.1%) |
| Median Home Value | $116,667 |
| Average Home Value | $287,435 |
Housing Distribution
Address Breakdown
Residential
139
Single Family
139
Multi-Family
0
Businesses
10
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Listed by: Kimberly Hicks • Hicks Realty, LLC
Mls Name: My State MLS
Mls ID: #11473991