406 6th Ave S #WIndependenceIA50644
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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 Independence at 406 6th Ave S #W, Independence, IA, 50644 earns $233/mo cash flow from $1,304/mo rent with a $807/mo payment. Total monthly income totals $1,304/mo, and annual cash flow totals $2,798/yr on $54,664 capital. ROI tracks 25.03% on current figures, and rental yield reads 9.49% at a $164,900 purchase. Equity gained on principal adds $1,064/yr, and 5% annual appreciation supports $45,559 over five years. Five-year ROI reaches 130.78% and total cumulative return in cash sums $71,488. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,304/mo property income instead of your personal income.
Single Family
Built in 1900
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50644, Independence, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,008 (100%) |
| Owner Occupied HU | 2,849 (71.1%) |
| Renter Occupied HU | 834 (20.8%) |
| Vacant Housing Units | 325 ( 8.1%) |
| Median Home Value | $194,271 |
| Average Home Value | $234,427 |
Housing Distribution
Address Breakdown
Residential
3,855
Single Family
3,588
Multi-Family
267
Businesses
351
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Listed by: Curt G Martin • RE/MAX Independence Realty
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20253483