6170 North AveQuimbyIA51049
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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 Quimby at 6170 North Ave, Quimby, IA, 51049 earns $151/mo cash flow from $800/mo rent with a $489/mo payment. Total monthly income totals $800/mo, and annual cash flow totals $1,812/yr on $33,150 capital. ROI tracks 25.38% on current figures, and rental yield reads 9.6% at a $100,000 purchase. Equity gained on principal adds $645/yr, and 5% annual appreciation supports $27,628 over five years. Five-year ROI reaches 132.54% and total cumulative return in cash sums $43,936. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $800/mo property income instead of your personal income.
Lot
Built in N/A
1.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51049, Quimby, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 238 (100%) |
| Owner Occupied HU | 176 (73.9%) |
| Renter Occupied HU | 31 (13.0%) |
| Vacant Housing Units | 31 (13.0%) |
| Median Home Value | $119,792 |
| Average Home Value | $155,185 |
Housing Distribution
Address Breakdown
Residential
113
Single Family
113
Multi-Family
0
Businesses
21
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Listed by: Brian L Decker • Rasmus Realty & Auction
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #825596
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.