7164 Highway 117 SPrairie CityIA50228
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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 Prairie City at 7164 Highway 117 S, Prairie City, IA, 50228 offers a 6.93% rental yield on a $393,000 purchase with $2,269/mo rent. 29% in year one. Equity gained on principal adds $2,536/yr while 5% annual appreciation supports $108,579 over five years. Portfolio math shows five-year ROI at 89.26% and total cumulative return in cash at $116,282. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,269/mo property income against a $1,924/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1992
1.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50228, Prairie City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,026 (100%) |
| Owner Occupied HU | 753 (73.4%) |
| Renter Occupied HU | 212 (20.7%) |
| Vacant Housing Units | 61 ( 5.9%) |
| Median Home Value | $204,457 |
| Average Home Value | $234,641 |
Housing Distribution
Address Breakdown
Residential
749
Single Family
749
Multi-Family
0
Businesses
63
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Listed by: WENDY BEAL • Iowa Realty Ankeny
Mls Name: DMMLS
Mls ID: #732956