507 W Prairie StCrestonIA50801
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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 Creston at 507 W Prairie St, Creston, IA, 50801 uses $53,869 cash to close to unlock $2,292/yr annual cash flow and $191/mo monthly cash flow. Total monthly income runs $1,246/mo, and a $795/mo payment keeps the spread at $191/mo. Purchase price stands at $162,500, and rental yield measures 9.2% with $1,246/mo rent. Return on cash invested shows 24.16% in year one, and 5% annual appreciation builds toward $44,896 over five years. Five-year ROI reaches 126.05% and total cumulative return in cash records $67,902. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,246/mo property income covering a $795/mo payment rather than investor’s personal income.
Single Family
Built in 1951
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50801, Creston, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,417 (100%) |
| Owner Occupied HU | 2,674 (60.5%) |
| Renter Occupied HU | 1,246 (28.2%) |
| Vacant Housing Units | 497 (11.3%) |
| Median Home Value | $133,418 |
| Average Home Value | $182,572 |
Housing Distribution
Address Breakdown
Residential
3,973
Single Family
3,619
Multi-Family
354
Businesses
385
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