650 S 7th StAkronIA51001
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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 Akron at 650 S 7th St, Akron, IA, 51001 uses $57,018 cash to close to unlock $4,845/yr annual cash flow and $404/mo monthly cash flow. Total monthly income runs $1,526/mo, and a $842/mo payment keeps the spread at $404/mo. Purchase price stands at $172,000, and rental yield measures 10.65% with $1,526/mo rent. Return on cash invested shows 28.41% in year one, and 5% annual appreciation builds toward $47,520 over five years. Five-year ROI reaches 148.86% and total cumulative return in cash records $84,877. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,526/mo property income covering a $842/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51001, Akron, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,004 (100%) |
| Owner Occupied HU | 719 (71.6%) |
| Renter Occupied HU | 217 (21.6%) |
| Vacant Housing Units | 68 ( 6.8%) |
| Median Home Value | $186,895 |
| Average Home Value | $219,075 |
Housing Distribution
Address Breakdown
Residential
876
Single Family
840
Multi-Family
36
Businesses
74
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Listed by: Janel Pearson • NextHome Tri State Realty
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #820126
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.