602 S Greene StRock RapidsIA51246
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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
Rental property for sale in Rock Rapids at 602 S Greene St, Rock Rapids, IA, 51246 offers $2,086/mo rent that, after a $1,415/mo payment, leaves $209/mo cash flow. Total monthly income is $2,086/mo, and annual cash flow is $2,503/yr on $95,804 cash. Return on cash invested measures 22.52% in year one, and rental yield stands at 8.66% at a $289,000 entry. Equity gained on principal adds $1,865/yr while 5% annual appreciation compounds into $79,845 by year five. Five-year ROI records 117.28% and total cumulative return in cash reaches $112,358. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,086/mo property income versus a $1,415/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51246, Rock Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,621 (100%) |
| Owner Occupied HU | 1,189 (73.3%) |
| Renter Occupied HU | 297 (18.3%) |
| Vacant Housing Units | 135 ( 8.3%) |
| Median Home Value | $247,222 |
| Average Home Value | $378,673 |
Housing Distribution
Address Breakdown
Residential
1,506
Single Family
1,422
Multi-Family
84
Businesses
166
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Listed by: David E Foltz • Sieperda/Foltz Ins. & Real Est
Mls Name: Northwest Iowa Regional BOR
Mls ID: #830296