402 Indian StCherokeeIA51012
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 Cherokee at 402 Indian St, Cherokee, IA, 51012 priced at $145,000 pairs $1,100/mo rent with $158/mo cash flow after a $710/mo payment. Total monthly income equals $1,100/mo, and annual cash flow comes to $1,896/yr on $48,068 invested. Return on cash invested is 23.85% in year one, and rental yield stands at 9.1% on a $145,000 basis. Equity gained on principal adds $936/yr, and 5% annual appreciation accumulates to $40,061 by year five. Five-year ROI measures 124.39% and total cumulative return in cash reaches $59,792. For financing, Ziffy Mortgage’s DSCR program evaluates $1,100/mo property income against a $710/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1969
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51012, Cherokee, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,089 (100%) |
| Owner Occupied HU | 1,995 (64.6%) |
| Renter Occupied HU | 801 (25.9%) |
| Vacant Housing Units | 293 ( 9.5%) |
| Median Home Value | $181,510 |
| Average Home Value | $214,591 |
Housing Distribution
Address Breakdown
Residential
2,842
Single Family
2,479
Multi-Family
363
Businesses
342
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stephanie Zarr • EXIT Realty Midwest - Cherokee
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #828829
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.