321 Elm StCoon RapidsIA50058
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
Rental property for sale in Coon Rapids at 321 Elm St, Coon Rapids, IA, 50058 generates $1,328/mo in rent and, after a $929/mo payment, leaves $95/mo in cash flow. Total monthly income is $1,328/mo, and annual cash flow is $1,142/yr on $62,952 invested. Return on cash invested sits at 21.72% in year one, and rental yield is 8.39% on a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 113.03% and total cumulative return in cash sums $71,153. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,328/mo property income rather than buyer’s personal income.
Single Family
Built in 1908
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50058, Coon Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 870 (100%) |
| Owner Occupied HU | 624 (71.7%) |
| Renter Occupied HU | 151 (17.4%) |
| Vacant Housing Units | 95 (10.9%) |
| Median Home Value | $165,234 |
| Average Home Value | $211,130 |
Housing Distribution
Address Breakdown
Residential
811
Single Family
804
Multi-Family
7
Businesses
83
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nicole Uebel • RE/MAX Legacy
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6320948
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.