517 6th Ave SEIndependenceIA50644
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 Independence at 517 6th Ave SE, Independence, IA, 50644 priced at $330,000 converts $2,118/mo rent into after a $1,615/mo obligation. Total monthly income equals $2,118/mo. Return on cash invested prints 19.63% in year one, and rental yield reads 7.7% against a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,173 by year five. Five-year ROI reaches 101.75% and total cumulative return in cash sums $111,311. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,118/mo property income covering a $1,615/mo payment, not borrower’s personal income.
Single Family
Built in 2024
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50644, Independence, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,008 (100%) |
| Owner Occupied HU | 2,849 (71.1%) |
| Renter Occupied HU | 834 (20.8%) |
| Vacant Housing Units | 325 ( 8.1%) |
| Median Home Value | $194,271 |
| Average Home Value | $234,427 |
Housing Distribution
Address Breakdown
Residential
3,855
Single Family
3,588
Multi-Family
267
Businesses
351
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kristine Baldwin • Skogman - Manchester
Mls Name: East Central Iowa AOR
Mls Provider:
Mls ID: #149868
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.