401 S Main StModaleIA51556
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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
Investment property for sale in Modale at 401 S Main St, Modale, IA, 51556 earns $569/mo cash flow from $2,452/mo rent with a $1,419/mo payment. Total monthly income totals $2,452/mo, and annual cash flow totals $6,828/yr on $96,135 capital. ROI tracks 27.01% on current figures, and rental yield reads 10.15% at a $290,000 purchase. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,122 over five years. Five-year ROI reaches 141.33% and total cumulative return in cash sums $135,868. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,452/mo property income instead of your personal income.
Single Family
Built in 1980
1.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51556, Modale, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 219 (100%) |
| Owner Occupied HU | 172 (78.5%) |
| Renter Occupied HU | 21 ( 9.6%) |
| Vacant Housing Units | 26 (11.9%) |
| Median Home Value | $256,122 |
| Average Home Value | $270,988 |
Housing Distribution
Address Breakdown
Residential
133
Single Family
133
Multi-Family
0
Businesses
14
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