502 E Kayla LnPrairie 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
Rental property for sale in Prairie City at 502 E Kayla Ln, Prairie City, IA, 50228 generates $2,527/mo in rent and, after a $1,855/mo payment, leaves $66/mo in cash flow. Total monthly income is $2,527/mo, and annual cash flow is $787/yr on $125,639 invested. Return on cash invested sits at 20.54% in year one, and rental yield is 8% on a $379,000 entry. Equity gained on principal adds $2,446/yr, while 5% annual appreciation builds toward $104,711 over five years. Five-year ROI reaches 106.61% and total cumulative return in cash sums $133,943. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,527/mo property income rather than buyer’s personal income.
Single Family
Built in 2007
0.30 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: Holterhaus, John • Pella Real Estate Services
Mls Name: DMMLS
Mls ID: #719743