29965 185th StHoney CreekIA51542
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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 Honey Creek at 29965 185th St, Honey Creek, IA, 51542 generates $2,172/mo in rent, after a $7,219/mo payment. Total monthly income is $2,172/mo. Return on cash invested sits at 1.77% in year one, and rental yield is 1.77% on a $1,475,000 entry. Equity gained on principal adds $9,518/yr, while 5% annual appreciation builds toward $407,515 over five years. Five-year ROI reaches 5.88% and total cumulative return in cash sums $28,114. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,172/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
104 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51542, Honey Creek, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 401 (100%) |
| Owner Occupied HU | 353 (88.0%) |
| Renter Occupied HU | 34 ( 8.5%) |
| Vacant Housing Units | 14 ( 3.5%) |
| Median Home Value | $364,904 |
| Average Home Value | $405,623 |
Housing Distribution
Address Breakdown
Residential
414
Single Family
413
Multi-Family
1
Businesses
4
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Listed by: Rob Cerveny • BHHS Ambassador- Regency
Mls Name: SWIAR
Mls ID: #26-84
Disclaimer: Copyright Southwest Iowa Association of Realtors. All rights reserved. Data is deemed reliable but is not guaranteed accurate by the MLS.