501 Iowa AveEssexIA51638
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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 Essex at 501 Iowa Ave, Essex, IA, 51638 listed at $385,000 pairs $0/mo rent with a $1,884/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -3.6% in year one, and rental yield registers 0% at a $385,000 basis. Equity gained on principal adds $2,484/yr, and annual property appreciation at 5% supports $106,368 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $1,884/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Apartment
Built in 1922
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51638, Essex, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 587 (100%) |
| Owner Occupied HU | 419 (71.4%) |
| Renter Occupied HU | 113 (19.3%) |
| Vacant Housing Units | 55 ( 9.4%) |
| Median Home Value | $125,463 |
| Average Home Value | $186,390 |
Housing Distribution
Address Breakdown
Residential
335
Single Family
301
Multi-Family
34
Businesses
32
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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