501 3rd StNeolaIA51559
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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 Neola at 501 3rd St, Neola, IA, 51559 uses $39,780 cash to close to unlock $2,112/yr annual cash flow and $176/mo monthly cash flow. Total monthly income runs $955/mo, and a $587/mo payment keeps the spread at $176/mo. Purchase price stands at $120,000, and rental yield measures 9.55% with $955/mo rent. Return on cash invested shows 25.22% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 131.69% and total cumulative return in cash records $52,387. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $955/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1925
8,052 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51559, Neola, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 761 (100%) |
| Owner Occupied HU | 572 (75.2%) |
| Renter Occupied HU | 159 (20.9%) |
| Vacant Housing Units | 30 ( 3.9%) |
| Median Home Value | $298,404 |
| Average Home Value | $419,480 |
Housing Distribution
Address Breakdown
Residential
654
Single Family
654
Multi-Family
0
Businesses
42
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