601 E Michigan AveGeorgeIA51237
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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
Investment property for sale in George at 601 E Michigan Ave, George, IA, 51237 earns from $0/mo rent with a $563/mo payment. Total monthly income totals $0/mo. ROI tracks -3.6% on current figures, and rental yield reads 0% at a $115,000 purchase. Equity gained on principal adds $742/yr, and 5% annual appreciation supports $31,772 over five years. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $0/mo property income instead of your personal income.
Single Family
Built in 1910
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51237, George, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 762 (100%) |
| Owner Occupied HU | 557 (73.1%) |
| Renter Occupied HU | 121 (15.9%) |
| Vacant Housing Units | 84 (11.0%) |
| Median Home Value | $171,875 |
| Average Home Value | $275,579 |
Housing Distribution
Address Breakdown
Residential
392
Single Family
392
Multi-Family
0
Businesses
46
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