5 Hackett DrOaklandIA51560
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
Investment property for sale in Oakland at 5 Hackett Dr, Oakland, IA, 51560 at $220,000 posts ROI 29.17% with $563/mo cash flow from $1,992/mo rent. Total monthly income equals $1,992/mo, and annual cash flow records $6,756/yr on $72,930 to close. Return on cash invested measures 29.17% and rental yield reads 10.87% at the current $220,000. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 by year five. Five-year ROI prints 152.92% and total cumulative return in cash totals $111,527.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,992/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1994
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51560, Oakland, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 926 (100%) |
| Owner Occupied HU | 611 (66.0%) |
| Renter Occupied HU | 232 (25.1%) |
| Vacant Housing Units | 83 ( 9.0%) |
| Median Home Value | $217,657 |
| Average Home Value | $254,124 |
Housing Distribution
Address Breakdown
Residential
800
Single Family
760
Multi-Family
40
Businesses
59
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices