332 Mayme StDikeIA50624
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 Dike at 332 Mayme St, Dike, IA, 50624 priced at $299,900 pairs $2,412/mo rent with $464/mo cash flow after a $1,468/mo payment. Total monthly income equals $2,412/mo, and annual cash flow comes to $5,570/yr on $99,417 invested. Return on cash invested is 25.51% in year one, and rental yield stands at 9.65% on a $299,900 basis. Equity gained on principal adds $1,935/yr, and 5% annual appreciation accumulates to $82,857 by year five. Five-year ROI measures 133.32% and total cumulative return in cash reaches $132,544. For financing, Ziffy Mortgage’s DSCR program evaluates $2,412/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1978
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50624, Dike, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 796 (100%) |
| Owner Occupied HU | 681 (85.6%) |
| Renter Occupied HU | 79 ( 9.9%) |
| Vacant Housing Units | 36 ( 4.5%) |
| Median Home Value | $247,671 |
| Average Home Value | $275,349 |
Housing Distribution
Address Breakdown
Residential
478
Single Family
470
Multi-Family
8
Businesses
32
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