702 S Tama StRock RapidsIA51246
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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 Rock Rapids at 702 S Tama St, Rock Rapids, IA, 51246 uses $48,034 cash to close to unlock $1,814/yr annual cash flow and $151/mo monthly cash flow. Total monthly income runs $1,092/mo, and a $709/mo payment keeps the spread at $151/mo. Purchase price stands at $144,900, and rental yield measures 9.04% with $1,092/mo rent. Return on cash invested shows 23.69% in year one, and 5% annual appreciation builds toward $40,033 over five years. Five-year ROI reaches 123.59% and total cumulative return in cash records $59,365. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,092/mo property income covering a $709/mo payment rather than investor’s personal income.
Single Family
Built in 1949
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51246, Rock Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,621 (100%) |
| Owner Occupied HU | 1,189 (73.3%) |
| Renter Occupied HU | 297 (18.3%) |
| Vacant Housing Units | 135 ( 8.3%) |
| Median Home Value | $247,222 |
| Average Home Value | $378,673 |
Housing Distribution
Address Breakdown
Residential
1,506
Single Family
1,422
Multi-Family
84
Businesses
166
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Listed by: Ryan Zomer • Zomer Company
Mls Name: My State MLS
Mls ID: #11329609