610 E 2nd StIowaLA70647
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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 Iowa at 610 E 2nd St, Iowa, LA, 70647 uses $48,068 cash to close to unlock $2,802/yr annual cash flow and $234/mo monthly cash flow. Total monthly income runs $1,132/mo, and a $710/mo payment keeps the spread at $234/mo. Purchase price stands at $145,000, and rental yield measures 9.37% with $1,132/mo rent. Return on cash invested shows 25.74% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 134.18% and total cumulative return in cash records $64,496. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,132/mo property income covering a $710/mo payment rather than investor’s personal income.
Single Family
Built in 1996
8,698 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70647, Iowa, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,224 (100%) |
| Owner Occupied HU | 3,758 (71.9%) |
| Renter Occupied HU | 1,004 (19.2%) |
| Vacant Housing Units | 462 ( 8.8%) |
| Median Home Value | $250,967 |
| Average Home Value | $270,254 |
Housing Distribution
Address Breakdown
Residential
4,558
Single Family
4,553
Multi-Family
5
Businesses
143
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Listed by: Crystal Petross • Century 21 Bessette Realty
Mls Name: Greater Southern MLS
Mls ID: #SWL24004185
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.