501 West StPlainfieldIA50666
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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 Plainfield at 501 West St, Plainfield, IA, 50666 offers a 9.02% rental yield on a $199,900 purchase with $1,502/mo rent. Total monthly income registers $1,502/mo, and a $978/mo payment leaves $204/mo available for distribution. Annual cash flow reaches $2,450/yr on $66,267 to close, and return on cash invested stands at 23.61% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 123.14% and total cumulative return in cash at $81,601. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,502/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50666, Plainfield, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 452 (100%) |
| Owner Occupied HU | 362 (80.1%) |
| Renter Occupied HU | 46 (10.2%) |
| Vacant Housing Units | 44 ( 9.7%) |
| Median Home Value | $196,324 |
| Average Home Value | $229,841 |
Housing Distribution
Address Breakdown
Residential
329
Single Family
329
Multi-Family
0
Businesses
14
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Listed by: Cara Shanks • Century 21 Signature Real Estate-Waverly
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20255931