400 E Elder 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
Investment property for sale in Dike at 400 E Elder St, Dike, IA, 50624 offers a 9.82% rental yield on a $275,000 purchase with $2,251/mo rent. Total monthly income registers $2,251/mo, and a $1,346/mo payment leaves $424/mo available for distribution. Annual cash flow reaches $5,090/yr on $91,163 to close, and return on cash invested stands at 25.49% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 133.42% and total cumulative return in cash at $121,631. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,251/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
0.25 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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Listed by: Victoria Lockard • Lockard Realty Company
Mls Name: Northeast Iowa Regional BOR
Mls Provider:
Mls ID: #20255051
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