409 Farmer StPellaIA50219
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 Pella at 409 Farmer St, Pella, IA, 50219 priced at $305,000 pairs $2,124/mo rent with $143/mo cash flow after a $1,493/mo payment. Total monthly income equals $2,124/mo, and annual cash flow comes to $1,716/yr on $101,108 invested. Return on cash invested is 21.61% in year one, and rental yield stands at 8.36% on a $305,000 basis. Equity gained on principal adds $1,968/yr, and 5% annual appreciation accumulates to $84,266 by year five. Five-year ROI measures 112.32% and total cumulative return in cash reaches $113,566. For financing, Ziffy Mortgage’s DSCR program evaluates $2,124/mo property income against a $1,493/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1965
8,799 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50219, Pella, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,760 (100%) |
| Owner Occupied HU | 3,786 (65.7%) |
| Renter Occupied HU | 1,557 (27.0%) |
| Vacant Housing Units | 417 ( 7.2%) |
| Median Home Value | $309,649 |
| Average Home Value | $341,465 |
Housing Distribution
Address Breakdown
Residential
5,831
Single Family
5,207
Multi-Family
624
Businesses
566
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Holterhaus, John • Pella Real Estate Services
Mls Name: DMMLS
Mls Provider:
Mls ID: #715017
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.