400 W Elm StSolonIA52333
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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 Solon at 400 W Elm St, Solon, IA, 52333 at $389,500 posts ROI 21.27% with $147/mo cash flow from $2,676/mo rent. Total monthly income equals $2,676/mo, and annual cash flow records $1,762/yr on $129,119 to close. Return on cash invested measures 21.27% and rental yield reads 8.24% at the current $389,500. Equity gained on principal adds $2,513/yr, and 5% annual appreciation supports $107,612 by year five. Five-year ROI prints 110.56% and total cumulative return in cash totals $142,759.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,676/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1914
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52333, Solon, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,033 (100%) |
| Owner Occupied HU | 2,525 (83.3%) |
| Renter Occupied HU | 345 (11.4%) |
| Vacant Housing Units | 163 ( 5.4%) |
| Median Home Value | $386,995 |
| Average Home Value | $538,050 |
Housing Distribution
Address Breakdown
Residential
2,914
Single Family
2,840
Multi-Family
74
Businesses
179
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