650 4th StDikeIA50624
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 Dike at 650 4th St, Dike, IA, 50624 offers $1,710/mo rent that, after a $1,199/mo payment, leaves $119/mo cash flow. Total monthly income is $1,710/mo, and annual cash flow is $1,428/yr on $81,218 cash. Return on cash invested measures 21.67% in year one, and rental yield stands at 8.38% at a $245,000 entry. Equity gained on principal adds $1,581/yr while 5% annual appreciation compounds into $67,689 by year five. Five-year ROI records 112.66% and total cumulative return in cash reaches $91,500. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,710/mo property income versus a $1,199/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
8,276 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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Nearby investment properties with comparable prices
Listed by: Michele Henze • Lockard Realty Company
Mls Name: Northeast Iowa Regional BOR
Mls Provider:
Mls ID: #20244636
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