521 Douglas StMerrillIA51038
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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 Merrill at 521 Douglas St, Merrill, IA, 51038 generates $1,490/mo in rent and, after a $729/mo payment, leaves $483/mo in cash flow. Total monthly income is $1,490/mo, and annual cash flow is $5,797/yr on $49,394 invested. Return on cash invested sits at 31.65% in year one, and rental yield is 12% on a $149,000 entry. Equity gained on principal adds $961/yr, while 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 166.62% and total cumulative return in cash sums $82,300. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,490/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51038, Merrill, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 603 (100%) |
| Owner Occupied HU | 480 (79.6%) |
| Renter Occupied HU | 82 (13.6%) |
| Vacant Housing Units | 41 ( 6.8%) |
| Median Home Value | $234,848 |
| Average Home Value | $296,286 |
Housing Distribution
Address Breakdown
Residential
394
Single Family
394
Multi-Family
0
Businesses
37
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Listed by: Misty J Szczech • Exit Realty Midwest - LeMars
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #830322
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.