406 4th StNeolaIA51559
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 Neola at 406 4th St, Neola, IA, 51559 generates $2,164/mo in rent and, after a $1,322/mo payment, leaves $410/mo in cash flow. Total monthly income is $2,164/mo, and annual cash flow is $4,920/yr on $89,505 invested. Return on cash invested sits at 25.41% in year one, and rental yield is 9.62% on a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 132.7% and total cumulative return in cash sums $118,777. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,164/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51559, Neola, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 761 (100%) |
| Owner Occupied HU | 572 (75.2%) |
| Renter Occupied HU | 159 (20.9%) |
| Vacant Housing Units | 30 ( 3.9%) |
| Median Home Value | $298,404 |
| Average Home Value | $419,480 |
Housing Distribution
Address Breakdown
Residential
654
Single Family
654
Multi-Family
0
Businesses
42
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices