605 S 2nd AveRock 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 605 S 2nd Ave, Rock Rapids, IA, 51246 earns $304/mo cash flow from $1,376/mo rent with a $808/mo payment. Total monthly income totals $1,376/mo, and annual cash flow totals $3,648/yr on $54,698 capital. ROI tracks 26.58% on current figures, and rental yield reads 10.01% at a $165,000 purchase. Equity gained on principal adds $1,065/yr, and 5% annual appreciation supports $45,586 over five years. Five-year ROI reaches 139% and total cumulative return in cash sums $76,031. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,376/mo property income instead of your personal income.
Single Family
Built in 1959
6,098 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 Provider:
Mls ID: #826476
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.