412 13th StBelle PlaineIA52208
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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 Belle Plaine at 412 13th St, Belle Plaine, IA, 52208 uses $39,449 cash to close to unlock $4,785/yr annual cash flow and $399/mo monthly cash flow. Total monthly income runs $1,194/mo, and a $582/mo payment keeps the spread at $399/mo. Purchase price stands at $119,000, and rental yield measures 12.04% with $1,194/mo rent. Return on cash invested shows 32.04% in year one, and 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 168.57% and total cumulative return in cash records $66,497. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,194/mo property income covering a $582/mo payment rather than investor’s personal income.
Single Family
Built in 1900
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52208, Belle Plaine, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,417 (100%) |
| Owner Occupied HU | 960 (67.7%) |
| Renter Occupied HU | 258 (18.2%) |
| Vacant Housing Units | 199 (14.0%) |
| Median Home Value | $120,603 |
| Average Home Value | $170,320 |
Housing Distribution
Address Breakdown
Residential
1,350
Single Family
1,331
Multi-Family
19
Businesses
115
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Listed by: Monica Hayes • Lepic-Kroeger, REALTORS
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202403992
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed accurate by the MLS.