420 Cedar StSloanIA51055
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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
Rental property for sale in Sloan at 420 Cedar St, Sloan, IA, 51055 generates $1,960/mo in rent and, after a $1,468/mo payment, leaves $12/mo in cash flow. Total monthly income is $1,960/mo, and annual cash flow is $144/yr on $99,450 invested. Return on cash invested sits at 20.05% in year one, and rental yield is 7.84% on a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 104.01% and total cumulative return in cash sums $103,440. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,960/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51055, Sloan, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 597 (100%) |
| Owner Occupied HU | 431 (72.2%) |
| Renter Occupied HU | 131 (21.9%) |
| Vacant Housing Units | 35 ( 5.9%) |
| Median Home Value | $249,038 |
| Average Home Value | $248,312 |
Housing Distribution
Address Breakdown
Residential
370
Single Family
370
Multi-Family
0
Businesses
40
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Listed by: Brent McCall • McCall Auctions & Real Estate
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #829356
Disclaimer: Information being provided is for consumers' personal, non-commercial use and 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.