602 East StIretonIA51027
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 Ireton at 602 East St, Ireton, IA, 51027 offers $1,290/mo rent that, after a $514/mo payment, leaves $608/mo cash flow. Total monthly income is $1,290/mo, and annual cash flow is $7,296/yr on $34,808 cash. Return on cash invested measures 40.87% in year one, and rental yield stands at 14.74% at a $105,000 entry. Equity gained on principal adds $678/yr while 5% annual appreciation compounds into $29,010 by year five. Five-year ROI records 215.61% and total cumulative return in cash reaches $75,050. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,290/mo property income versus a $514/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1890
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51027, Ireton, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 467 (100%) |
| Owner Occupied HU | 369 (79.0%) |
| Renter Occupied HU | 53 (11.3%) |
| Vacant Housing Units | 45 ( 9.6%) |
| Median Home Value | $290,714 |
| Average Home Value | $434,289 |
Housing Distribution
Address Breakdown
Residential
308
Single Family
308
Multi-Family
0
Businesses
45
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Listed by: Jacqueline Maassen • Vision Realty
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #828542
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.