505 S 6th StForest CityIA50436
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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
Total monthly income runs $0/mo, and a $685/mo payment. Purchase price stands at $140,000, and rental yield measures 0% with $0/mo rent. Return on cash invested shows -3.59% in year one, and 5% annual appreciation builds toward $38,679 over five years. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $0/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1920
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50436, Forest City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,610 (100%) |
| Owner Occupied HU | 1,699 (65.1%) |
| Renter Occupied HU | 621 (23.8%) |
| Vacant Housing Units | 290 (11.1%) |
| Median Home Value | $170,746 |
| Average Home Value | $209,498 |
Housing Distribution
Address Breakdown
Residential
2,366
Single Family
2,185
Multi-Family
181
Businesses
242
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Jacquelyne Stevenson • Realty ONE Group Black Diamond
Mls Name: NoCoast MLS as distributed by MLS GRID
Mls ID: #6334843