607 E Park AveRed OakIA51566
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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
Rental property for sale in Red Oak at 607 E Park Ave, Red Oak, IA, 51566 priced at $227,000 converts $1,843/mo rent into $369/mo cash flow after a $1,111/mo obligation. Total monthly income equals $1,843/mo, and annual cash flow totals $4,426/yr on $75,251 invested. Return on cash invested prints 25.79% in year one, and rental yield reads 9.74% against a $227,000 entry. Equity gained on principal adds $1,465/yr, while 5% annual appreciation compiles into $62,716 by year five. Five-year ROI reaches 134.78% and total cumulative return in cash sums $101,425. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,843/mo property income covering a $1,111/mo payment, not borrower’s personal income.
Single Family
Built in 1973
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51566, Red Oak, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,302 (100%) |
| Owner Occupied HU | 1,939 (58.7%) |
| Renter Occupied HU | 935 (28.3%) |
| Vacant Housing Units | 428 (13.0%) |
| Median Home Value | $134,691 |
| Average Home Value | $178,734 |
Housing Distribution
Address Breakdown
Residential
3,081
Single Family
2,954
Multi-Family
127
Businesses
297
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Listed by: Heather Pelzer • Keller Williams Greater Omaha
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6329257
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.