320 6th St SEIndependenceIA50644
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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
Investment property for sale in Independence at 320 6th St SE, Independence, IA, 50644 at $149,900 posts ROI 25.06% with $213/mo cash flow from $1,187/mo rent. Total monthly income equals $1,187/mo, and annual cash flow records $2,558/yr on $49,692 to close. Return on cash invested measures 25.06% and rental yield reads 9.5% at the current $149,900. Equity gained on principal adds $967/yr, and 5% annual appreciation supports $41,415 by year five. Five-year ROI prints 130.96% and total cumulative return in cash totals $65,075.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,187/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1870
6,806 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50644, Independence, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,008 (100%) |
| Owner Occupied HU | 2,849 (71.1%) |
| Renter Occupied HU | 834 (20.8%) |
| Vacant Housing Units | 325 ( 8.1%) |
| Median Home Value | $194,271 |
| Average Home Value | $234,427 |
Housing Distribution
Address Breakdown
Residential
3,855
Single Family
3,588
Multi-Family
267
Businesses
351
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Listed by: Kristine Baldwin • Skogman - Manchester
Mls Name: East Central Iowa AOR
Mls Provider:
Mls ID: #151711
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.