700 4th St APT 402Sioux 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 APT 402, Sioux City, IA, 51101 offers a 8.02% rental yield on a $174,900 purchase with $1,169/mo rent. Total monthly income registers $1,169/mo, and a $856/mo payment leaves $33/mo available for distribution. Annual cash flow reaches $398/yr on $57,979 to close, and return on cash invested stands at 20.6% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,322 over five years. Portfolio math shows five-year ROI at 106.98% and total cumulative return in cash at $62,028. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,169/mo property income against a $856/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1972
435.60 sqft 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: Jeff Carlson • RE/MAX Experience
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #827839
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.