31844 W Loop RdSioux CityIA51108
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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 Sioux City at 31844 W Loop Rd, Sioux City, IA, 51108 generates $2,968/mo in rent, after a $3,671/mo payment. Total monthly income is $2,968/mo. Return on cash invested sits at 10.81% in year one, and rental yield is 4.75% on a $750,000 entry. Equity gained on principal adds $4,840/yr, while 5% annual appreciation builds toward $207,211 over five years. Five-year ROI reaches 54.39% and total cumulative return in cash sums $134,202. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,968/mo property income rather than buyer’s personal income.
Single Family
Built in 1996
9.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51108, Sioux City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,664 (100%) |
| Owner Occupied HU | 1,813 (68.1%) |
| Renter Occupied HU | 696 (26.1%) |
| Vacant Housing Units | 155 ( 5.8%) |
| Median Home Value | $197,786 |
| Average Home Value | $284,381 |
Housing Distribution
Address Breakdown
Residential
2,569
Single Family
1,991
Multi-Family
578
Businesses
131
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Listed by: Mark Vos • Keller Williams Siouxland
Mls Name: Northwest Iowa Regional BOR
Mls ID: #830637