702 N 2nd StBellevueIA52031
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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 Bellevue at 702 N 2nd St, Bellevue, IA, 52031 uses $56,024 cash to close to unlock $739/yr annual cash flow and $62/mo monthly cash flow. Total monthly income runs $1,159/mo, and a $827/mo payment keeps the spread at $62/mo. Purchase price stands at $169,000, and rental yield measures 8.23% with $1,159/mo rent. Return on cash invested shows 21.23% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 110.37% and total cumulative return in cash records $61,831. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,159/mo property income covering a $827/mo payment rather than investor’s personal income.
Single Family
Built in 1948
7,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52031, Bellevue, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,451 (100%) |
| Owner Occupied HU | 1,784 (72.8%) |
| Renter Occupied HU | 376 (15.3%) |
| Vacant Housing Units | 291 (11.9%) |
| Median Home Value | $258,844 |
| Average Home Value | $324,631 |
Housing Distribution
Address Breakdown
Residential
2,192
Single Family
2,148
Multi-Family
44
Businesses
139
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