720 Vernon StWapelloIA52653
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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 Wapello at 720 Vernon St, Wapello, IA, 52653 listed at $208,300 pairs $1,956/mo rent with a $1,020/mo payment to leave $603/mo cash flow. Total monthly income runs $1,956/mo, and annual cash flow reaches $7,233/yr on $69,051 cash to close. Return on cash invested measures 30.38% in year one, and rental yield registers 11.27% at a $208,300 basis. Equity gained on principal adds $1,344/yr, and annual property appreciation at 5% supports $57,549 by year five. Five-year ROI tracks 159.43% and total cumulative return in cash totals $110,086. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,956/mo property income relative to a $1,020/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1979
8,322 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52653, Wapello, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,632 (100%) |
| Owner Occupied HU | 1,125 (68.9%) |
| Renter Occupied HU | 269 (16.5%) |
| Vacant Housing Units | 238 (14.6%) |
| Median Home Value | $157,972 |
| Average Home Value | $196,427 |
Housing Distribution
Address Breakdown
Residential
1,362
Single Family
1,331
Multi-Family
31
Businesses
118
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