320th StForest CityIA50436
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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 Forest City at 320th St, Forest City, IA, 50436 priced at $1,239,374 converts $0/mo rent into after a $6,066/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -3.68% in year one, and rental yield reads 0% against a $1,239,374 entry. Equity gained on principal adds $7,997/yr, while 5% annual appreciation compiles into $342,416 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $6,066/mo payment, not borrower’s personal income.
Single Family
Built in N/A
150.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50436, Forest City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,610 (100%) |
| Owner Occupied HU | 1,699 (65.1%) |
| Renter Occupied HU | 621 (23.8%) |
| Vacant Housing Units | 290 (11.1%) |
| Median Home Value | $170,746 |
| Average Home Value | $209,498 |
Housing Distribution
Address Breakdown
Residential
2,366
Single Family
2,185
Multi-Family
181
Businesses
242
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Doug Hensley • Hertz Real Estate Services
Mls Name: NoCoast MLS as distributed by MLS GRID
Mls ID: #6328947