360 Birdie LnDikeIA50624
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 360 Birdie Ln, Dike, IA, 50624 offers $2,988/mo rent that, after a $2,040/mo payment, leaves $241/mo cash flow. Total monthly income is $2,988/mo, and annual cash flow is $2,896/yr on $138,146 cash. Return on cash invested measures 22.01% in year one, and rental yield stands at 8.6% at a $416,730 entry. Equity gained on principal adds $2,689/yr while 5% annual appreciation compounds into $115,135 by year five. Five-year ROI records 114.64% and total cumulative return in cash reaches $158,364. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,988/mo property income versus a $2,040/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.37 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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