701 Hickory StJanesvilleIA50647
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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 Janesville at 701 Hickory St, Janesville, IA, 50647 priced at $464,000 pairs $3,455/mo rent with $442/mo cash flow after a $2,271/mo payment. Total monthly income equals $3,455/mo, and annual cash flow comes to $5,299/yr on $153,816 invested. Return on cash invested is 23.35% in year one, and rental yield stands at 8.94% on a $464,000 basis. Equity gained on principal adds $2,994/yr, and 5% annual appreciation accumulates to $128,195 by year five. Five-year ROI measures 121.73% and total cumulative return in cash reaches $187,233. For financing, Ziffy Mortgage’s DSCR program evaluates $3,455/mo property income against a $2,271/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50647, Janesville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 874 (100%) |
| Owner Occupied HU | 697 (79.7%) |
| Renter Occupied HU | 113 (12.9%) |
| Vacant Housing Units | 64 ( 7.3%) |
| Median Home Value | $301,699 |
| Average Home Value | $314,839 |
Housing Distribution
Address Breakdown
Residential
632
Single Family
608
Multi-Family
24
Businesses
42
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Listed by: Jennifer Steere • Century 21 Signature Real Estate-Waverly
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20255262