410 S Union StRock RapidsIA51246
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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
Investment property for sale in Rock Rapids at 410 S Union St, Rock Rapids, IA, 51246 at $159,900 posts ROI 25.57% with $250/mo cash flow from $1,289/mo rent. Total monthly income equals $1,289/mo, and annual cash flow records $3,002/yr on $53,007 to close. Return on cash invested measures 25.57% and rental yield reads 9.67% at the current $159,900. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,177 by year five. Five-year ROI prints 133.69% and total cumulative return in cash totals $70,866.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,289/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1915
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51246, Rock Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,621 (100%) |
| Owner Occupied HU | 1,189 (73.3%) |
| Renter Occupied HU | 297 (18.3%) |
| Vacant Housing Units | 135 ( 8.3%) |
| Median Home Value | $247,222 |
| Average Home Value | $378,673 |
Housing Distribution
Address Breakdown
Residential
1,506
Single Family
1,422
Multi-Family
84
Businesses
166
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Listed by: David E Foltz • Sieperda/Foltz Ins. & Real Est
Mls Name: Northwest Iowa Regional BOR
Mls ID: #829735