606 Oakland AveOaklandIA51560
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 Oakland at 606 Oakland Ave, Oakland, IA, 51560 offers $1,297/mo rent that, after a $857/mo payment, leaves $160/mo cash flow. Total monthly income is $1,297/mo, and annual cash flow is $1,920/yr on $58,013 cash. Return on cash invested measures 23.22% in year one, and rental yield stands at 8.89% at a $175,000 entry. Equity gained on principal adds $1,129/yr while 5% annual appreciation compounds into $48,349 by year five. Five-year ROI records 120.96% and total cumulative return in cash reaches $70,171. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,297/mo property income versus a $857/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
8,040 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51560, Oakland, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 926 (100%) |
| Owner Occupied HU | 611 (66.0%) |
| Renter Occupied HU | 232 (25.1%) |
| Vacant Housing Units | 83 ( 9.0%) |
| Median Home Value | $217,657 |
| Average Home Value | $254,124 |
Housing Distribution
Address Breakdown
Residential
800
Single Family
760
Multi-Family
40
Businesses
59
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