505 W Meadow DrPrairie CityIA50228
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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
Investment property for sale in Prairie City at 505 W Meadow Dr, Prairie City, IA, 50228 at $282,500 posts ROI 6.77% with from $810/mo rent. Total monthly income equals $810/mo. Return on cash invested measures 6.77% and rental yield reads 3.44% at the current $282,500. Equity gained on principal adds $1,823/yr, and 5% annual appreciation supports $78,050 by year five. Five-year ROI prints 32.79% and total cumulative return in cash totals $30,710. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $810/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1996
9,374 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50228, Prairie City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,026 (100%) |
| Owner Occupied HU | 753 (73.4%) |
| Renter Occupied HU | 212 (20.7%) |
| Vacant Housing Units | 61 ( 5.9%) |
| Median Home Value | $204,457 |
| Average Home Value | $234,641 |
Housing Distribution
Address Breakdown
Residential
749
Single Family
749
Multi-Family
0
Businesses
63
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Nearby investment properties with comparable prices
Listed by: Amanda Van Zante • Century 21 Signature
Mls Name: DMMLS
Mls ID: #723144