508 W Market StSteamboat RockIA50672
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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 Steamboat Rock at 508 W Market St, Steamboat Rock, IA, 50672 priced at $299,000 pairs $1,058/mo rent with after a $1,463/mo payment. Total monthly income equals $1,058/mo. Return on cash invested is 9.21% in year one, and rental yield stands at 4.25% on a $299,000 basis. Equity gained on principal adds $1,929/yr, and 5% annual appreciation accumulates to $82,608 by year five. Five-year ROI measures 45.89% and total cumulative return in cash reaches $45,490. For financing, Ziffy Mortgage’s DSCR program evaluates $1,058/mo property income against a $1,463/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 2021
0.54 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Gabrielle Mitchell • Oakridge Real Estate
Mls Name: NoCoast MLS as distributed by MLS GRID
Mls ID: #6330971