609 West StWhitingIA51063
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 Whiting at 609 West St, Whiting, IA, 51063 priced at $239,900 converts $1,442/mo rent into after a $1,174/mo obligation. Total monthly income equals $1,442/mo. Return on cash invested prints 18.16% in year one, and rental yield reads 7.21% against a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation compiles into $66,280 by year five. Five-year ROI reaches 93.92% and total cumulative return in cash sums $74,695. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,442/mo property income covering a $1,174/mo payment, not borrower’s personal income.
Single Family
Built in 1920
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51063, Whiting, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 491 (100%) |
| Owner Occupied HU | 338 (68.8%) |
| Renter Occupied HU | 111 (22.6%) |
| Vacant Housing Units | 42 ( 8.6%) |
| Median Home Value | $127,000 |
| Average Home Value | $170,074 |
Housing Distribution
Address Breakdown
Residential
318
Single Family
302
Multi-Family
16
Businesses
32
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices