601 E Coolbaugh StRed OakIA51566
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 Red Oak at 601 E Coolbaugh St, Red Oak, IA, 51566 generates $956/mo in rent and, after a $514/mo payment, leaves $252/mo in cash flow. Total monthly income is $956/mo, and annual cash flow is $3,030/yr on $34,808 invested. Return on cash invested sits at 28.61% in year one, and rental yield is 10.93% on a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 150.25% and total cumulative return in cash sums $52,298. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $956/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51566, Red Oak, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,302 (100%) |
| Owner Occupied HU | 1,939 (58.7%) |
| Renter Occupied HU | 935 (28.3%) |
| Vacant Housing Units | 428 (13.0%) |
| Median Home Value | $134,691 |
| Average Home Value | $178,734 |
Housing Distribution
Address Breakdown
Residential
3,081
Single Family
2,954
Multi-Family
127
Businesses
297
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices