409 Water StCenter PointIA52213
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 Center Point at 409 Water St, Center Point, IA, 52213 generates $2,297/mo in rent and, after a $1,321/mo payment, leaves $544/mo in cash flow. Total monthly income is $2,297/mo, and annual cash flow is $6,530/yr on $89,472 invested. Return on cash invested sits at 27.21% in year one, and rental yield is 10.21% on a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 142.43% and total cumulative return in cash sums $127,434. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,297/mo property income rather than buyer’s personal income.
Single Family
Built in 1983
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52213, Center Point, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,816 (100%) |
| Owner Occupied HU | 1,476 (81.3%) |
| Renter Occupied HU | 241 (13.3%) |
| Vacant Housing Units | 99 ( 5.5%) |
| Median Home Value | $296,561 |
| Average Home Value | $399,499 |
Housing Distribution
Address Breakdown
Residential
1,600
Single Family
1,600
Multi-Family
0
Businesses
77
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeremy Trenkamp • Realty87
Mls Name: Iowa City Area AOR
Mls ID: #202507387