4909 Morningside AveSioux CityIA51106
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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 Sioux City at 4909 Morningside Ave, Sioux City, IA, 51106 priced at $199,950 converts $1,860/mo rent into $561/mo cash flow after a $979/mo obligation. Total monthly income equals $1,860/mo, and annual cash flow totals $6,733/yr on $66,283 invested. Return on cash invested prints 30.07% in year one, and rental yield reads 11.16% against a $199,950 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,243 by year five. Five-year ROI reaches 157.77% and total cumulative return in cash sums $104,572. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,860/mo property income covering a $979/mo payment, not borrower’s personal income.
Single Family
Built in 1920
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51106, Sioux City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,768 (100%) |
| Owner Occupied HU | 7,360 (62.5%) |
| Renter Occupied HU | 3,590 (30.5%) |
| Vacant Housing Units | 818 ( 7.0%) |
| Median Home Value | $197,140 |
| Average Home Value | $242,635 |
Housing Distribution
Address Breakdown
Residential
12,068
Single Family
10,365
Multi-Family
1,703
Businesses
933
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Listed by: Michelle White • Century 21 ProLink
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #828118
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.