509 N Orchard StPrairie CityIA50228
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
Rental property for sale in Prairie City at 509 N Orchard St, Prairie City, IA, 50228 offers $1,039/mo rent that, after a $658/mo payment, leaves $166/mo cash flow. Total monthly income is $1,039/mo, and annual cash flow is $1,990/yr on $44,587 cash. Return on cash invested measures 24.37% in year one, and rental yield stands at 9.27% at a $134,500 entry. Equity gained on principal adds $868/yr while 5% annual appreciation compounds into $37,160 by year five. Five-year ROI records 127.17% and total cumulative return in cash reaches $56,700. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,039/mo property income versus a $658/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
10,423 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50228, Prairie City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,026 (100%) |
| Owner Occupied HU | 753 (73.4%) |
| Renter Occupied HU | 212 (20.7%) |
| Vacant Housing Units | 61 ( 5.9%) |
| Median Home Value | $204,457 |
| Average Home Value | $234,641 |
Housing Distribution
Address Breakdown
Residential
749
Single Family
749
Multi-Family
0
Businesses
63
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Listed by: Colby Lawson • Real Estate Solutions
Mls Name: DMMLS
Mls ID: #732463