500 W South StPrairie CityIA50228
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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 Prairie City at 500 W South St, Prairie City, IA, 50228 listed at $287,500 pairs $810/mo rent with a $1,407/mo payment. Total monthly income runs $810/mo. Return on cash invested measures 6.6% in year one, and rental yield registers 3.38% at a $287,500 basis. Equity gained on principal adds $1,855/yr, and annual property appreciation at 5% supports $79,431 by year five. Five-year ROI tracks 31.85% and total cumulative return in cash totals $30,359. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $810/mo property income relative to a $1,407/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50228, Prairie City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,026 (100%) |
| Owner Occupied HU | 753 (73.4%) |
| Renter Occupied HU | 212 (20.7%) |
| Vacant Housing Units | 61 ( 5.9%) |
| Median Home Value | $204,457 |
| Average Home Value | $234,641 |
Housing Distribution
Address Breakdown
Residential
749
Single Family
749
Multi-Family
0
Businesses
63
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Listed by: Lisa Schoening • Keller Williams Ankeny Metro
Mls Name: DMMLS
Mls Provider:
Mls ID: #714224
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.