706 N 6th AveDoonIA51235
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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 Doon at 706 N 6th Ave, Doon, IA, 51235 listed at $299,000 pairs $2,250/mo rent with a $1,463/mo payment to leave $309/mo cash flow. Total monthly income runs $2,250/mo, and annual cash flow reaches $3,703/yr on $99,119 cash to close. Return on cash invested measures 23.65% in year one, and rental yield registers 9.03% at a $299,000 basis. Equity gained on principal adds $1,929/yr, and annual property appreciation at 5% supports $82,608 by year five. Five-year ROI tracks 123.29% and total cumulative return in cash totals $122,206. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,250/mo property income relative to a $1,463/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2019
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51235, Doon, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 416 (100%) |
| Owner Occupied HU | 359 (86.3%) |
| Renter Occupied HU | 45 (10.8%) |
| Vacant Housing Units | 12 ( 2.9%) |
| Median Home Value | $266,026 |
| Average Home Value | $332,737 |
Housing Distribution
Address Breakdown
Residential
194
Single Family
194
Multi-Family
0
Businesses
31
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