402 Amsterdam Dr SEOrange CityIA51041
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 Orange City at 402 Amsterdam Dr SE, Orange City, IA, 51041 priced at $316,000 pairs $2,405/mo rent with $352/mo cash flow after a $1,547/mo payment. Total monthly income equals $2,405/mo, and annual cash flow comes to $4,229/yr on $104,754 invested. Return on cash invested is 23.95% in year one, and rental yield stands at 9.13% on a $316,000 basis. Equity gained on principal adds $2,039/yr, and 5% annual appreciation accumulates to $87,305 by year five. Five-year ROI measures 124.91% and total cumulative return in cash reaches $130,843. For financing, Ziffy Mortgage’s DSCR program evaluates $2,405/mo property income against a $1,547/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1977
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51041, Orange City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,694 (100%) |
| Owner Occupied HU | 1,956 (72.6%) |
| Renter Occupied HU | 585 (21.7%) |
| Vacant Housing Units | 153 ( 5.7%) |
| Median Home Value | $278,455 |
| Average Home Value | $309,011 |
Housing Distribution
Address Breakdown
Residential
2,586
Single Family
2,408
Multi-Family
178
Businesses
271
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Stokes • Stokes Realty, LLC
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #829053
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.