307 W Jefferson StPrairie CityIA50228
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Prairie City at 307 W Jefferson St, Prairie City, IA, 50228 at $214,900 posts ROI 23.4% with $207/mo cash flow from $1,603/mo rent. Total monthly income equals $1,603/mo, and annual cash flow records $2,486/yr on $71,239 to close. Return on cash invested measures 23.4% and rental yield reads 8.95% at the current $214,900. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,373 by year five. Five-year ROI prints 122% and total cumulative return in cash totals $86,910.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,603/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1913
8,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50228, Prairie City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,026 (100%) |
| Owner Occupied HU | 753 (73.4%) |
| Renter Occupied HU | 212 (20.7%) |
| Vacant Housing Units | 61 ( 5.9%) |
| Median Home Value | $204,457 |
| Average Home Value | $234,641 |
Housing Distribution
Address Breakdown
Residential
749
Single Family
749
Multi-Family
0
Businesses
63
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Nearby investment properties with comparable prices
Listed by: Jeni McClelland • RE/MAX Concepts
Mls Name: DMMLS
Mls ID: #723521