700 4th St #604Sioux CityIA51101
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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 Sioux City at 700 4th St #604, Sioux City, IA, 51101 uses $74,588 cash to close to unlock $4,716/yr annual cash flow and $393/mo monthly cash flow. Total monthly income runs $1,854/mo, and a $1,101/mo payment keeps the spread at $393/mo. Purchase price stands at $225,000, and rental yield measures 9.89% with $1,854/mo rent. Return on cash invested shows 26.23% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 137.15% and total cumulative return in cash records $102,297. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,854/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51101, Sioux City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 993 (100%) |
| Owner Occupied HU | 47 ( 4.7%) |
| Renter Occupied HU | 779 (78.4%) |
| Vacant Housing Units | 167 (16.8%) |
| Median Home Value | $222,826 |
| Average Home Value | $233,564 |
Housing Distribution
Address Breakdown
Residential
922
Single Family
176
Multi-Family
746
Businesses
633
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Listed by: Adam Stokes • United Real Estate Solutions
Mls Name: Northwest Iowa Regional BOR
Mls ID: #830061