601 W 8th StDiagonalIA50845
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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 Diagonal at 601 W 8th St, Diagonal, IA, 50845 uses $87,848 cash to close to unlock $3,900/yr annual cash flow and $325/mo monthly cash flow. Total monthly income runs $2,046/mo, and a $1,297/mo payment keeps the spread at $325/mo. Purchase price stands at $265,000, and rental yield measures 9.26% with $2,046/mo rent. Return on cash invested shows 24.35% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 127.04% and total cumulative return in cash records $111,603. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,046/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Single Family
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50845, Diagonal, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 347 (100%) |
| Owner Occupied HU | 241 (69.5%) |
| Renter Occupied HU | 50 (14.4%) |
| Vacant Housing Units | 56 (16.1%) |
| Median Home Value | $221,250 |
| Average Home Value | $329,098 |
Housing Distribution
Address Breakdown
Residential
300
Single Family
300
Multi-Family
0
Businesses
25
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