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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Coon Rapids at 704 6th Ave, Coon Rapids, IA, 50058 offers a 17.66% rental yield on a $115,000 purchase with $1,692/mo rent. Total monthly income registers $1,692/mo, and a $563/mo payment leaves $945/mo available for distribution. Annual cash flow reaches $11,340/yr on $38,123 to close, and return on cash invested stands at 49.66% in year one. Equity gained on principal adds $742/yr while 5% annual appreciation supports $31,772 over five years. Portfolio math shows five-year ROI at 262.77% and total cumulative return in cash at $100,173. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,692/mo property income against a $563/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1919
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50058, Coon Rapids, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 870 (100%) |
| Owner Occupied HU | 624 (71.7%) |
| Renter Occupied HU | 151 (17.4%) |
| Vacant Housing Units | 95 (10.9%) |
| Median Home Value | $165,234 |
| Average Home Value | $211,130 |
Residential
811
Single Family
804
Multi-Family
7
Businesses
83
Date | Event | Price |
|---|---|---|
| 2025-09-17 | Sold | $115,000 |
| 2025-08-11 | Pending sale | $125,000 |
| 2025-06-13 | Listed for sale | $125,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-25 | $1290.00 | -1.98% | $87,730 | N/A |
| 2023-10-25 | $1316.00 | 2.81% | $87,730 | 15.60% |
| 2022-10-25 | $1280.00 | -4.05% | $75,890 | N/A |
Listed by: Patrick C O'Leary • Smart Moves Iowa Realty
Mls Name: NoCoast MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6328617
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-24 22:07:40 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#7734)
