30650 State LnNeolaIA51559
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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 Neola at 30650 State Ln, Neola, IA, 51559 generates $2,221/mo in rent, after a $1,713/mo payment. Total monthly income is $2,221/mo. Return on cash invested sits at 19.37% in year one, and rental yield is 7.61% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 100.35% and total cumulative return in cash sums $116,426. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,221/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
1.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51559, Neola, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 761 (100%) |
| Owner Occupied HU | 572 (75.2%) |
| Renter Occupied HU | 159 (20.9%) |
| Vacant Housing Units | 30 ( 3.9%) |
| Median Home Value | $298,404 |
| Average Home Value | $419,480 |
Housing Distribution
Address Breakdown
Residential
654
Single Family
654
Multi-Family
0
Businesses
42
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