604 2nd St SE #3Orange CityIA51041
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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 Orange City at 604 2nd St SE #3, Orange City, IA, 51041 earns $231/mo cash flow from $1,373/mo rent with a $710/mo payment. Total monthly income totals $1,373/mo, and annual cash flow totals $2,772/yr on $48,068 capital. ROI tracks 25.68% on current figures, and rental yield reads 11.36% at a $145,000 purchase. Equity gained on principal adds $936/yr, and 5% annual appreciation supports $40,061 over five years. Five-year ROI reaches 135.98% and total cumulative return in cash sums $65,360. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,373/mo property income instead of your personal income.
Condo
Built in 1975
N/A lot
$N/A/sqft
$200 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51041, Orange City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,694 (100%) |
| Owner Occupied HU | 1,956 (72.6%) |
| Renter Occupied HU | 585 (21.7%) |
| Vacant Housing Units | 153 ( 5.7%) |
| Median Home Value | $278,455 |
| Average Home Value | $309,011 |
Housing Distribution
Address Breakdown
Residential
2,586
Single Family
2,408
Multi-Family
178
Businesses
271
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Listed by: N/A • N/A
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