402 5th StIretonIA51027
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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 Ireton at 402 5th St, Ireton, IA, 51027 uses $41,438 cash to close to unlock $1,644/yr annual cash flow and $137/mo monthly cash flow. Total monthly income runs $949/mo, and a $612/mo payment keeps the spread at $137/mo. Purchase price stands at $125,000, and rental yield measures 9.11% with $949/mo rent. Return on cash invested shows 23.88% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 124.51% and total cumulative return in cash records $51,593. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $949/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1910
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51027, Ireton, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 467 (100%) |
| Owner Occupied HU | 369 (79.0%) |
| Renter Occupied HU | 53 (11.3%) |
| Vacant Housing Units | 45 ( 9.6%) |
| Median Home Value | $290,714 |
| Average Home Value | $434,289 |
Housing Distribution
Address Breakdown
Residential
308
Single Family
308
Multi-Family
0
Businesses
45
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