3542 Olive AveArcherIA51231
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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 Archer at 3542 Olive Ave, Archer, IA, 51231 priced at $345,000 converts $1,651/mo rent into after a $1,689/mo obligation. Total monthly income equals $1,651/mo. Return on cash invested prints 13.72% in year one, and rental yield reads 5.74% against a $345,000 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation compiles into $95,317 by year five. Five-year ROI reaches 70.04% and total cumulative return in cash sums $80,104. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,651/mo property income covering a $1,689/mo payment, not borrower’s personal income.
Single Family
Built in 1910
4.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51231, Archer, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 113 (100%) |
| Owner Occupied HU | 83 (73.5%) |
| Renter Occupied HU | 13 (11.5%) |
| Vacant Housing Units | 17 (15.0%) |
| Median Home Value | $203,947 |
| Average Home Value | $228,916 |
Housing Distribution
Address Breakdown
Residential
71
Single Family
71
Multi-Family
0
Businesses
9
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Listed by: Brenda Janssen • Century 21 ProLink - Le Mars
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #827974
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.