310 2nd StPisgahIA51564
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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 Pisgah at 310 2nd St, Pisgah, IA, 51564 priced at $129,900 converts $1,070/mo rent into $104/mo cash flow after a $636/mo obligation. Total monthly income equals $1,070/mo, and annual cash flow totals $1,242/yr on $43,062 invested. Return on cash invested prints 22.79% in year one, and rental yield reads 9.88% against a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation compiles into $35,889 by year five. Five-year ROI reaches 119.98% and total cumulative return in cash sums $51,667. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,070/mo property income covering a $636/mo payment, not borrower’s personal income.
Single Family
Built in 1991
4,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51564, Pisgah, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 265 (100%) |
| Owner Occupied HU | 180 (67.9%) |
| Renter Occupied HU | 46 (17.4%) |
| Vacant Housing Units | 39 (14.7%) |
| Median Home Value | $116,964 |
| Average Home Value | $171,083 |
Housing Distribution
Address Breakdown
Residential
190
Single Family
190
Multi-Family
0
Businesses
14
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