403 S Haley LnPrairie CityIA50228
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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
Rental property for sale in Prairie City at 403 S Haley Ln, Prairie City, IA, 50228 generates $810/mo in rent, after a $2,203/mo payment. Total monthly income is $810/mo. Return on cash invested sits at 2.91% in year one, and rental yield is 2.16% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 12.08% and total cumulative return in cash sums $18,018. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $810/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50228, Prairie City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,026 (100%) |
| Owner Occupied HU | 753 (73.4%) |
| Renter Occupied HU | 212 (20.7%) |
| Vacant Housing Units | 61 ( 5.9%) |
| Median Home Value | $204,457 |
| Average Home Value | $234,641 |
Housing Distribution
Address Breakdown
Residential
749
Single Family
749
Multi-Family
0
Businesses
63
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Listed by: Lisa Schoening • Keller Williams Ankeny Metro
Mls Name: DMMLS
Mls ID: #733275