510 W 2nd AveIndianolaIA50125
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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
Investment property for sale in Indianola at 510 W 2nd Ave, Indianola, IA, 50125 uses $92,489 cash to close to unlock $1,015/yr annual cash flow and $85/mo monthly cash flow. Total monthly income runs $1,897/mo, and a $1,366/mo payment keeps the spread at $85/mo. Purchase price stands at $279,000, and rental yield measures 8.16% with $1,897/mo rent. Return on cash invested shows 21.01% in year one, and 5% annual appreciation builds toward $77,083 over five years. Five-year ROI reaches 109.14% and total cumulative return in cash records $100,939. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,897/mo property income covering a $1,366/mo payment rather than investor’s personal income.
Single Family
Built in 1920
10,585 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50125, Indianola, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,941 (100%) |
| Owner Occupied HU | 6,204 (69.4%) |
| Renter Occupied HU | 2,072 (23.2%) |
| Vacant Housing Units | 665 ( 7.4%) |
| Median Home Value | $256,652 |
| Average Home Value | $303,097 |
Housing Distribution
Address Breakdown
Residential
8,498
Single Family
7,374
Multi-Family
1,124
Businesses
578
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Listed by: Adam Bentz • Agency Iowa
Mls Name: DMMLS
Mls Provider:
Mls ID: #716188
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.