704 17th St SEOrange CityIA51041
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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 Orange City at 704 17th St SE, Orange City, IA, 51041 uses $99,119 cash to close to unlock $2,059/yr annual cash flow and $172/mo monthly cash flow. Total monthly income runs $2,113/mo, and a $1,463/mo payment keeps the spread at $172/mo. Purchase price stands at $299,000, and rental yield measures 8.48% with $2,113/mo rent. Return on cash invested shows 21.99% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 114.39% and total cumulative return in cash records $113,386. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,113/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Townhouse
Built in 2024
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51041, Orange City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,694 (100%) |
| Owner Occupied HU | 1,956 (72.6%) |
| Renter Occupied HU | 585 (21.7%) |
| Vacant Housing Units | 153 ( 5.7%) |
| Median Home Value | $278,455 |
| Average Home Value | $309,011 |
Housing Distribution
Address Breakdown
Residential
2,586
Single Family
2,408
Multi-Family
178
Businesses
271
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Listed by: Jill Pluim • Realty Associates
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #824569
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.