505 S East StRock 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
Rental property for sale in Rock Rapids at 505 S East St, Rock Rapids, IA, 51246 priced at $120,000 pairs $930/mo rent with $151/mo cash flow after a $587/mo payment. Total monthly income equals $930/mo, and annual cash flow comes to $1,812/yr on $39,780 invested. Return on cash invested is 24.46% in year one, and rental yield stands at 9.3% on a $120,000 basis. Equity gained on principal adds $774/yr, and 5% annual appreciation accumulates to $33,154 by year five. Five-year ROI measures 127.65% and total cumulative return in cash reaches $50,779. For financing, Ziffy Mortgage’s DSCR program evaluates $930/mo property income against a $587/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2013
0.34 Acres 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: Keith A Elbers • Real Estate Retrievers-Luverne
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6773048