521 Summit AveKeokukIA52632
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 Keokuk at 521 Summit Ave, Keokuk, IA, 52632 priced at $118,500 pairs $1,020/mo rent with $250/mo cash flow after a $580/mo payment. Total monthly income equals $1,020/mo, and annual cash flow comes to $3,005/yr on $39,283 invested. Return on cash invested is 27.56% in year one, and rental yield stands at 10.33% on a $118,500 basis. Equity gained on principal adds $765/yr, and 5% annual appreciation accumulates to $32,739 by year five. Five-year ROI measures 144.35% and total cumulative return in cash reaches $56,704. For financing, Ziffy Mortgage’s DSCR program evaluates $1,020/mo property income against a $580/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1980
7,440 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52632, Keokuk, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,698 (100%) |
| Owner Occupied HU | 3,476 (61.0%) |
| Renter Occupied HU | 1,509 (26.5%) |
| Vacant Housing Units | 713 (12.5%) |
| Median Home Value | $121,543 |
| Average Home Value | $172,788 |
Housing Distribution
Address Breakdown
Residential
5,095
Single Family
4,746
Multi-Family
349
Businesses
533
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