721 Richland CtVan MeterIA50261
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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 Van Meter at 721 Richland Ct, Van Meter, IA, 50261 earns $1,213/mo cash flow from $2,095/mo rent with a $665/mo payment. Total monthly income totals $2,095/mo, and annual cash flow totals $14,551/yr on $45,051 capital. ROI tracks 52.21% on current figures, and rental yield reads 18.5% at a $135,900 purchase. Equity gained on principal adds $877/yr, and 5% annual appreciation supports $37,547 over five years. Five-year ROI reaches 276.48% and total cumulative return in cash sums $124,555. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,095/mo property income instead of your personal income.
Lot
Built in N/A
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50261, Van Meter, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,207 (100%) |
| Owner Occupied HU | 982 (81.4%) |
| Renter Occupied HU | 119 ( 9.9%) |
| Vacant Housing Units | 106 ( 8.8%) |
| Median Home Value | $523,148 |
| Average Home Value | $553,473 |
Housing Distribution
Address Breakdown
Residential
1,026
Single Family
1,014
Multi-Family
12
Businesses
39
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Listed by: JENNY GRATIAS WILLE • Iowa Realty Mills Crossing
Mls Name: DMMLS
Mls Provider:
Mls ID: #663193
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.