603 Mill Pond RdRock 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
Investment property for sale in Rock Rapids at 603 Mill Pond Rd, Rock Rapids, IA, 51246 with 5% annual appreciation on a $399,500 basis while $1,459/mo rent supports operations. 62% in year one. Equity gained on principal adds $2,578/yr, and five-year appreciation sums $110,374 alongside rental yield of 4.38%. Five-year ROI measures 48.08% and total cumulative return in cash totals $63,675. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,459/mo property income versus a $1,955/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
0.34 Acres 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: Brit Whalen • Coldwell Banker Empire Realty
Mls Name: Northwest Iowa Regional BOR
Mls ID: #831404