506-512 Commercial StCentral CityIA52214
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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 Central City at 506-512 Commercial St, Central City, IA, 52214 generates $0/mo in rent, after a $759/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -3.61% in year one, and rental yield is 0% on a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,824 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Multi Family
Built in 1900
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52214, Central City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,447 (100%) |
| Owner Occupied HU | 1,081 (74.7%) |
| Renter Occupied HU | 236 (16.3%) |
| Vacant Housing Units | 130 ( 9.0%) |
| Median Home Value | $283,036 |
| Average Home Value | $354,877 |
Housing Distribution
Address Breakdown
Residential
1,132
Single Family
1,093
Multi-Family
39
Businesses
67
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Michael Mcdonough • McDonough Real Estate
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20255384