504 Locust Rd APT 2DecorahIA52101
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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 Decorah at 504 Locust Rd APT 2, Decorah, IA, 52101 earns from $1,994/mo rent with a $1,468/mo payment. Total monthly income totals $1,994/mo. ROI tracks 16.27% on current figures, and rental yield reads 7.98% at a $299,900 purchase. Equity gained on principal adds $1,935/yr, and 5% annual appreciation supports $82,857 over five years. Five-year ROI reaches 85.27% and total cumulative return in cash sums $84,772. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,994/mo property income instead of your personal income.
Condo
Built in 1998
0.36 Acres lot
$N/A/sqft
$1,000 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52101, Decorah, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,820 (100%) |
| Owner Occupied HU | 3,911 (67.2%) |
| Renter Occupied HU | 1,362 (23.4%) |
| Vacant Housing Units | 547 ( 9.4%) |
| Median Home Value | $308,845 |
| Average Home Value | $364,317 |
Housing Distribution
Address Breakdown
Residential
5,494
Single Family
4,974
Multi-Family
520
Businesses
583
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Listed by: D.J. Friest • Friest & Associates
Mls Name: Northeast Iowa Regional BOR
Mls Provider:
Mls ID: #20251184
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Based on information submitted to the MLS GRID as of 2025-03-28 12:27:34 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.