503 Summit StCenter PointIA52213
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Nearby investment properties with comparable prices
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 Center Point at 503 Summit St, Center Point, IA, 52213 priced at $166,500 pairs $2,032/mo rent with $919/mo cash flow after a $815/mo payment. Total monthly income equals $2,032/mo, and annual cash flow comes to $11,023/yr on $55,195 invested. Return on cash invested is 39.88% in year one, and rental yield stands at 14.65% on a $166,500 basis. Equity gained on principal adds $1,074/yr, and 5% annual appreciation accumulates to $46,001 by year five. Five-year ROI measures 210.63% and total cumulative return in cash reaches $116,258. For financing, Ziffy Mortgage’s DSCR program evaluates $2,032/mo property income against a $815/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1888
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52213, Center Point, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,816 (100%) |
| Owner Occupied HU | 1,476 (81.3%) |
| Renter Occupied HU | 241 (13.3%) |
| Vacant Housing Units | 99 ( 5.5%) |
| Median Home Value | $296,561 |
| Average Home Value | $399,499 |
Housing Distribution
Address Breakdown
Residential
1,600
Single Family
1,600
Multi-Family
0
Businesses
77
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Listed by: Tessa Grimm • Pinnacle Realty LLC
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2407817
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.