617 Evans StSloanIA51055
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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 Sloan at 617 Evans St, Sloan, IA, 51055 offers a 8.32% rental yield on a $214,900 purchase with $1,490/mo rent. Total monthly income registers $1,490/mo, and a $1,052/mo payment leaves $94/mo available for distribution. Annual cash flow reaches $1,130/yr on $71,239 to close, and return on cash invested stands at 21.5% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,373 over five years. Portfolio math shows five-year ROI at 111.81% and total cumulative return in cash at $79,650. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,490/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1878
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51055, Sloan, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 597 (100%) |
| Owner Occupied HU | 431 (72.2%) |
| Renter Occupied HU | 131 (21.9%) |
| Vacant Housing Units | 35 ( 5.9%) |
| Median Home Value | $249,038 |
| Average Home Value | $248,312 |
Housing Distribution
Address Breakdown
Residential
370
Single Family
370
Multi-Family
0
Businesses
40
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Listed by: Aaron Bircher • Keller Williams Siouxland
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #828051
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.