408 Sherman AveCherokeeIA51012
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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 Cherokee at 408 Sherman Ave, Cherokee, IA, 51012 priced at $215,000 pairs $1,568/mo rent with $172/mo cash flow after a $1,052/mo payment. Total monthly income equals $1,568/mo, and annual cash flow comes to $2,064/yr on $71,273 invested. Return on cash invested is 22.8% in year one, and rental yield stands at 8.75% on a $215,000 basis. Equity gained on principal adds $1,387/yr, and 5% annual appreciation accumulates to $59,401 by year five. Five-year ROI measures 118.75% and total cumulative return in cash reaches $84,637. For financing, Ziffy Mortgage’s DSCR program evaluates $1,568/mo property income against a $1,052/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51012, Cherokee, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,089 (100%) |
| Owner Occupied HU | 1,995 (64.6%) |
| Renter Occupied HU | 801 (25.9%) |
| Vacant Housing Units | 293 ( 9.5%) |
| Median Home Value | $181,510 |
| Average Home Value | $214,591 |
Housing Distribution
Address Breakdown
Residential
2,842
Single Family
2,479
Multi-Family
363
Businesses
342
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