609 Main StCoinIA51636
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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 Coin at 609 Main St, Coin, IA, 51636 priced at $230,000 converts $0/mo rent into after a $1,126/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -3.6% in year one, and rental yield reads 0% against a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,545 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $1,126/mo payment, not borrower’s personal income.
Single Family
Built in 1919
9.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51636, Coin, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 197 (100%) |
| Owner Occupied HU | 139 (70.6%) |
| Renter Occupied HU | 26 (13.2%) |
| Vacant Housing Units | 32 (16.2%) |
| Median Home Value | $134,028 |
| Average Home Value | $180,504 |
Housing Distribution
Address Breakdown
Residential
120
Single Family
120
Multi-Family
0
Businesses
10
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No similar rental properties found nearby.
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