706 Fairoaks DrRock ValleyIA51247
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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
Rental property for sale in Rock Valley at 706 Fairoaks Dr, Rock Valley, IA, 51247 generates $1,560/mo in rent, after a $1,943/mo payment. Total monthly income is $1,560/mo. Return on cash invested sits at 10.62% in year one, and rental yield is 4.72% on a $397,000 entry. Equity gained on principal adds $2,562/yr, while 5% annual appreciation builds toward $109,684 over five years. Five-year ROI reaches 53.46% and total cumulative return in cash sums $70,354. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,560/mo property income rather than buyer’s personal income.
Condo
Built in 2016
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51247, Rock Valley, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,071 (100%) |
| Owner Occupied HU | 1,571 (75.9%) |
| Renter Occupied HU | 379 (18.3%) |
| Vacant Housing Units | 121 ( 5.8%) |
| Median Home Value | $270,525 |
| Average Home Value | $384,378 |
Housing Distribution
Address Breakdown
Residential
2,014
Single Family
1,866
Multi-Family
148
Businesses
216
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Listed by: Ryan Zomer • Zomer Company
Mls Name: My State MLS
Mls ID: #11341654