509 King StEmersonIA51533
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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 Emerson at 509 King St, Emerson, IA, 51533 priced at $155,000 converts $1,721/mo rent into $714/mo cash flow after a $759/mo obligation. Total monthly income equals $1,721/mo, and annual cash flow totals $8,568/yr on $51,383 invested. Return on cash invested prints 36.58% in year one, and rental yield reads 13.32% against a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation compiles into $42,824 by year five. Five-year ROI reaches 192.66% and total cumulative return in cash sums $98,992. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,721/mo property income covering a $759/mo payment, not borrower’s personal income.
Single Family
Built in 1900
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51533, Emerson, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 391 (100%) |
| Owner Occupied HU | 280 (71.6%) |
| Renter Occupied HU | 45 (11.5%) |
| Vacant Housing Units | 66 (16.9%) |
| Median Home Value | $203,448 |
| Average Home Value | $248,884 |
Housing Distribution
Address Breakdown
Residential
208
Single Family
208
Multi-Family
0
Businesses
33
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