617 4th StDikeIA50624
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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 Dike at 617 4th St, Dike, IA, 50624 priced at $399,900 converts $900/mo rent into after a $1,957/mo obligation. Total monthly income equals $900/mo. Return on cash invested prints 4.55% in year one, and rental yield reads 2.7% against a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation compiles into $110,485 by year five. Five-year ROI reaches 20.9% and total cumulative return in cash sums $27,704. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $900/mo property income covering a $1,957/mo payment, not borrower’s personal income.
Townhouse
Built in 2024
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50624, Dike, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 796 (100%) |
| Owner Occupied HU | 681 (85.6%) |
| Renter Occupied HU | 79 ( 9.9%) |
| Vacant Housing Units | 36 ( 4.5%) |
| Median Home Value | $247,671 |
| Average Home Value | $275,349 |
Housing Distribution
Address Breakdown
Residential
478
Single Family
470
Multi-Family
8
Businesses
32
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