508 2nd St NDakota CityIA50529
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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 Dakota City at 508 2nd St N, Dakota City, IA, 50529 generates $811/mo in rent, after a $1,075/mo payment. Total monthly income is $811/mo. Return on cash invested sits at 9.77% in year one, and rental yield is 4.43% on a $219,700 entry. Equity gained on principal adds $1,418/yr, while 5% annual appreciation builds toward $60,699 over five years. Five-year ROI reaches 48.89% and total cumulative return in cash sums $35,605. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $811/mo property income rather than buyer’s personal income.
Multi Family
Built in 1973
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50529, Dakota City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 407 (100%) |
| Owner Occupied HU | 303 (74.4%) |
| Renter Occupied HU | 71 (17.4%) |
| Vacant Housing Units | 33 ( 8.1%) |
| Median Home Value | $153,484 |
| Average Home Value | $170,652 |
Housing Distribution
Address Breakdown
Residential
223
Single Family
220
Multi-Family
3
Businesses
26
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Listed by: N/A • N/A
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