508 3rd StNeolaIA51559
Nearby investment properties with comparable rents
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 Neola at 508 3rd St, Neola, IA, 51559 earns $322/mo cash flow from $1,426/mo rent with a $832/mo payment. Total monthly income totals $1,426/mo, and annual cash flow totals $3,866/yr on $56,322 capital. ROI tracks 26.77% on current figures, and rental yield reads 10.07% at a $169,900 purchase. Equity gained on principal adds $1,096/yr, and 5% annual appreciation supports $46,940 over five years. Five-year ROI reaches 140.13% and total cumulative return in cash sums $78,926. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,426/mo property income instead of your personal income.
Single Family
Built in 1900
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51559, Neola, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 761 (100%) |
| Owner Occupied HU | 572 (75.2%) |
| Renter Occupied HU | 159 (20.9%) |
| Vacant Housing Units | 30 ( 3.9%) |
| Median Home Value | $298,404 |
| Average Home Value | $419,480 |
Housing Distribution
Address Breakdown
Residential
654
Single Family
654
Multi-Family
0
Businesses
42
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices