706 Eastern AveRed 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 706 Eastern Ave, Red Oak, IA, 51566 with 5% annual appreciation on a $135,000 basis while $840/mo rent supports operations. 92% in year one. Equity gained on principal adds $871/yr, and five-year appreciation sums $37,298 alongside rental yield of 7.47%. Five-year ROI measures 97.9% and total cumulative return in cash totals $43,813. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $840/mo property income versus a $661/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1956
7,405 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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Listed by: Daniel Bullington • Your Real Estate Choice Inc
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6329063
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.