602 W State StCentervilleIA52544
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 Centerville at 602 W State St, Centerville, IA, 52544 priced at $119,900 pairs $1,200/mo rent with $421/mo cash flow after a $587/mo payment. Total monthly income equals $1,200/mo, and annual cash flow comes to $5,054/yr on $39,747 invested. Return on cash invested is 32.62% in year one, and rental yield stands at 12.01% on a $119,900 basis. Equity gained on principal adds $774/yr, and 5% annual appreciation accumulates to $33,126 by year five. Five-year ROI measures 171.51% and total cumulative return in cash reaches $68,172. For financing, Ziffy Mortgage’s DSCR program evaluates $1,200/mo property income against a $587/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1900
7,797 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52544, Centerville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,695 (100%) |
| Owner Occupied HU | 2,047 (55.4%) |
| Renter Occupied HU | 1,129 (30.6%) |
| Vacant Housing Units | 519 (14.0%) |
| Median Home Value | $145,486 |
| Average Home Value | $181,729 |
Housing Distribution
Address Breakdown
Residential
3,407
Single Family
3,084
Multi-Family
323
Businesses
384
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jodie Mccoy • Real McCoy Realty LLC
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6322343
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.