600 Majestic Oak RdgSolonIA52333
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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 Solon at 600 Majestic Oak Rdg, Solon, IA, 52333 generates $4,360/mo in rent and, after a $2,991/mo payment, leaves $391/mo in cash flow. Total monthly income is $4,360/mo, and annual cash flow is $4,697/yr on $201,019 invested. Return on cash invested sits at 22.4% in year one, and rental yield is 8.56% on a $611,000 entry. Equity gained on principal adds $3,943/yr, while 5% annual appreciation builds toward $168,808 over five years. Five-year ROI reaches 116.57% and total cumulative return in cash sums $234,321. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,360/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52333, Solon, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,033 (100%) |
| Owner Occupied HU | 2,525 (83.3%) |
| Renter Occupied HU | 345 (11.4%) |
| Vacant Housing Units | 163 ( 5.4%) |
| Median Home Value | $386,995 |
| Average Home Value | $538,050 |
Housing Distribution
Address Breakdown
Residential
2,914
Single Family
2,840
Multi-Family
74
Businesses
179
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