404 S Main StDanvilleIA52623
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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 Danville at 404 S Main St, Danville, IA, 52623 with 5% annual appreciation on a $255,000 basis while $0/mo rent supports operations. 62% in year one. Equity gained on principal adds $1,645/yr, and five-year appreciation sums $70,452 alongside rental yield of 0%. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $0/mo property income versus a $1,248/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1965
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52623, Danville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 826 (100%) |
| Owner Occupied HU | 664 (80.4%) |
| Renter Occupied HU | 112 (13.6%) |
| Vacant Housing Units | 50 ( 6.1%) |
| Median Home Value | $225,701 |
| Average Home Value | $271,773 |
Housing Distribution
Address Breakdown
Residential
694
Single Family
678
Multi-Family
16
Businesses
40
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No similar rental properties found nearby.
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Listed by: Hannah Kruger • Ruhl & Ruhl, REALTORS
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6327066
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