503 W 6th StTiptonIA52772
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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 Tipton at 503 W 6th St, Tipton, IA, 52772 with 5% annual appreciation on a $145,000 basis while $1,180/mo rent supports operations. Total monthly income totals $1,180/mo and a $710/mo payment preserves $238/mo for cash returns. Annual cash flow comes to $2,856/yr on $48,068 deployed, and return on cash invested reaches 25.85% in year one. Equity gained on principal adds $936/yr, and five-year appreciation sums $40,061 alongside rental yield of 9.77%. Five-year ROI measures 135.08% and total cumulative return in cash totals $64,928.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,180/mo property income versus a $710/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
7,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52772, Tipton, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,362 (100%) |
| Owner Occupied HU | 1,694 (71.7%) |
| Renter Occupied HU | 450 (19.1%) |
| Vacant Housing Units | 218 ( 9.2%) |
| Median Home Value | $232,784 |
| Average Home Value | $300,643 |
Housing Distribution
Address Breakdown
Residential
2,148
Single Family
1,970
Multi-Family
178
Businesses
213
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Listed by: Shawna Burrow • NextHome QC Realty
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4261132
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.