706 S NinethRock RapidsIA51246
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Nearby investment properties with comparable prices
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 Rapids at 706 S Nineth, Rock Rapids, IA, 51246 priced at $176,000 pairs $1,172/mo rent with $29/mo cash flow after a $861/mo payment. Total monthly income equals $1,172/mo, and annual cash flow comes to $353/yr on $58,344 invested. Return on cash invested is 20.51% in year one, and rental yield stands at 7.99% on a $176,000 basis. Equity gained on principal adds $1,136/yr, and 5% annual appreciation accumulates to $48,626 by year five. Five-year ROI measures 106.51% and total cumulative return in cash reaches $62,145. For financing, Ziffy Mortgage’s DSCR program evaluates $1,172/mo property income against a $861/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1963
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51246, Rock Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,621 (100%) |
| Owner Occupied HU | 1,189 (73.3%) |
| Renter Occupied HU | 297 (18.3%) |
| Vacant Housing Units | 135 ( 8.3%) |
| Median Home Value | $247,222 |
| Average Home Value | $378,673 |
Housing Distribution
Address Breakdown
Residential
1,506
Single Family
1,422
Multi-Family
84
Businesses
166
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Listed by: Lisa J Dieren • Frontier Insurance & Realty
Mls Name: Northwest Iowa Regional BOR
Mls ID: #830926