502 W Meadow DrPrairie 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 502 W Meadow Dr, Prairie City, IA, 50228 with 5% annual appreciation on a $309,000 basis while $2,249/mo rent supports operations. Total monthly income totals $2,249/mo and a $1,512/mo payment preserves $202/mo for cash returns. Annual cash flow comes to $2,423/yr on $102,434 deployed, and return on cash invested reaches 22.27% in year one. Equity gained on principal adds $1,994/yr, and five-year appreciation sums $85,371 alongside rental yield of 8.73%. Five-year ROI measures 116.1% and total cumulative return in cash totals $118,925.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,249/mo property income versus a $1,512/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2015
9,583 sqft 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: Toni Peska • Iowa Realty Newton
Mls Name: DMMLS
Mls Provider:
Mls ID: #691196
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.