3218 244th AveDecorahIA52101
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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 Decorah at 3218 244th Ave, Decorah, IA, 52101 generates $3,134/mo in rent, after a $2,618/mo payment. Total monthly income is $3,134/mo. Return on cash invested sits at 17.74% in year one, and rental yield is 7.03% on a $534,900 entry. Equity gained on principal adds $3,452/yr, while 5% annual appreciation builds toward $147,783 over five years. Five-year ROI reaches 91.62% and total cumulative return in cash sums $161,229. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,134/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
9.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52101, Decorah, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,820 (100%) |
| Owner Occupied HU | 3,911 (67.2%) |
| Renter Occupied HU | 1,362 (23.4%) |
| Vacant Housing Units | 547 ( 9.4%) |
| Median Home Value | $308,845 |
| Average Home Value | $364,317 |
Housing Distribution
Address Breakdown
Residential
5,494
Single Family
4,974
Multi-Family
520
Businesses
583
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