611 Locust StWapelloIA52653
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
Investment property for sale in Wapello at 611 Locust St, Wapello, IA, 52653 earns $328/mo cash flow from $1,469/mo rent with a $860/mo payment. Total monthly income totals $1,469/mo, and annual cash flow totals $3,933/yr on $58,278 capital. ROI tracks 26.66% on current figures, and rental yield reads 10.03% at a $175,800 purchase. Equity gained on principal adds $1,134/yr, and 5% annual appreciation supports $48,570 over five years. Five-year ROI reaches 139.45% and total cumulative return in cash sums $81,270. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,469/mo property income instead of your personal income.
Single Family
Built in 1982
10,092 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52653, Wapello, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,632 (100%) |
| Owner Occupied HU | 1,125 (68.9%) |
| Renter Occupied HU | 269 (16.5%) |
| Vacant Housing Units | 238 (14.6%) |
| Median Home Value | $157,972 |
| Average Home Value | $196,427 |
Housing Distribution
Address Breakdown
Residential
1,362
Single Family
1,331
Multi-Family
31
Businesses
118
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices