505 Mill Pond Rd #1Rock RapidsIA51246
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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 Rock Rapids at 505 Mill Pond Rd #1, Rock Rapids, IA, 51246 listed at $339,500 pairs $2,171/mo rent with a $1,662/mo payment. Total monthly income runs $2,171/mo. Return on cash invested measures 19.54% in year one, and rental yield registers 7.67% at a $339,500 basis. Equity gained on principal adds $2,191/yr, and annual property appreciation at 5% supports $93,798 by year five. Five-year ROI tracks 101.29% and total cumulative return in cash totals $113,993. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,171/mo property income relative to a $1,662/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2024
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51246, Rock Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,621 (100%) |
| Owner Occupied HU | 1,189 (73.3%) |
| Renter Occupied HU | 297 (18.3%) |
| Vacant Housing Units | 135 ( 8.3%) |
| Median Home Value | $247,222 |
| Average Home Value | $378,673 |
Housing Distribution
Address Breakdown
Residential
1,506
Single Family
1,422
Multi-Family
84
Businesses
166
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Listed by: Brit Whalen • Coldwell Banker Empire Realty
Mls Name: Northwest Iowa Regional BOR
Mls ID: #831400