3858 Dakota AveGowrieIA50543
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 Gowrie at 3858 Dakota Ave, Gowrie, IA, 50543 offers $1,723/mo rent that, after a $1,708/mo payment. Total monthly income is $1,723/mo. Return on cash invested measures 14.27% in year one, and rental yield stands at 5.92% at a $349,000 entry. Equity gained on principal adds $2,252/yr while 5% annual appreciation compounds into $96,422 by year five. Five-year ROI records 73.02% and total cumulative return in cash reaches $84,480. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,723/mo property income versus a $1,708/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
5.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50543, Gowrie, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 633 (100%) |
| Owner Occupied HU | 434 (68.6%) |
| Renter Occupied HU | 122 (19.3%) |
| Vacant Housing Units | 77 (12.2%) |
| Median Home Value | $168,421 |
| Average Home Value | $283,041 |
Housing Distribution
Address Breakdown
Residential
341
Single Family
341
Multi-Family
0
Businesses
47
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