602 Charles StDelhiIA52223
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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
Investment property for sale in Delhi at 602 Charles St, Delhi, IA, 52223 offers a 11.61% rental yield on a $231,900 purchase with $2,244/mo rent. Total monthly income registers $2,244/mo, and a $1,135/mo payment leaves $738/mo available for distribution. Annual cash flow reaches $8,856/yr on $76,875 to close, and return on cash invested stands at 31.43% in year one. Equity gained on principal adds $1,496/yr while 5% annual appreciation supports $64,070 over five years. Portfolio math shows five-year ROI at 165.02% and total cumulative return in cash at $126,855. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,244/mo property income against a $1,135/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1946
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52223, Delhi, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,118 (100%) |
| Owner Occupied HU | 581 (52.0%) |
| Renter Occupied HU | 73 ( 6.5%) |
| Vacant Housing Units | 464 (41.5%) |
| Median Home Value | $303,398 |
| Average Home Value | $477,629 |
Housing Distribution
Address Breakdown
Residential
552
Single Family
552
Multi-Family
0
Businesses
48
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