616 Elk StSabulaIA52070
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 Sabula at 616 Elk St, Sabula, IA, 52070 priced at $279,000 converts $1,349/mo rent into after a $1,366/mo obligation. Total monthly income equals $1,349/mo. Return on cash invested prints 13.9% in year one, and rental yield reads 5.8% against a $279,000 entry. Equity gained on principal adds $1,800/yr, while 5% annual appreciation compiles into $77,083 by year five. Five-year ROI reaches 71.02% and total cumulative return in cash sums $65,683. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,349/mo property income covering a $1,366/mo payment, not borrower’s personal income.
Single Family
Built in 1890
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52070, Sabula, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 573 (100%) |
| Owner Occupied HU | 391 (68.2%) |
| Renter Occupied HU | 86 (15.0%) |
| Vacant Housing Units | 96 (16.8%) |
| Median Home Value | $198,295 |
| Average Home Value | $267,621 |
Housing Distribution
Address Breakdown
Residential
233
Single Family
233
Multi-Family
0
Businesses
19
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ashley Bruggenwirth • Exit Realty Unlimited
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202504968
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.