703 E Oak StRed OakIA51566
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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 Red Oak at 703 E Oak St, Red Oak, IA, 51566 uses $36,465 cash to close to unlock $1,512/yr annual cash flow and $126/mo monthly cash flow. Total monthly income runs $840/mo, and a $538/mo payment keeps the spread at $126/mo. Purchase price stands at $110,000, and rental yield measures 9.16% with $840/mo rent. Return on cash invested shows 24.06% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 125.45% and total cumulative return in cash records $45,744. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $840/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1910
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51566, Red Oak, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,302 (100%) |
| Owner Occupied HU | 1,939 (58.7%) |
| Renter Occupied HU | 935 (28.3%) |
| Vacant Housing Units | 428 (13.0%) |
| Median Home Value | $134,691 |
| Average Home Value | $178,734 |
Housing Distribution
Address Breakdown
Residential
3,081
Single Family
2,954
Multi-Family
127
Businesses
297
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