404 NE 4th StDecaturIA50067
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 Decatur at 404 NE 4th St, Decatur, IA, 50067 priced at $299,999 converts $1,676/mo rent into after a $1,468/mo obligation. Total monthly income equals $1,676/mo. Return on cash invested prints 16.63% in year one, and rental yield reads 6.7% against a $299,999 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation compiles into $82,884 by year five. Five-year ROI reaches 85.62% and total cumulative return in cash sums $85,152. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,676/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50067, Decatur, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 158 (100%) |
| Owner Occupied HU | 107 (67.7%) |
| Renter Occupied HU | 13 ( 8.2%) |
| Vacant Housing Units | 38 (24.1%) |
| Median Home Value | $151,786 |
| Average Home Value | $236,986 |
Housing Distribution
Address Breakdown
Residential
117
Single Family
117
Multi-Family
0
Businesses
10
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