724 2nd StPlainfieldIA50666
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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 Plainfield at 724 2nd St, Plainfield, IA, 50666 offers a 9.1% rental yield on a $125,000 purchase with $948/mo rent. Total monthly income registers $948/mo, and a $612/mo payment leaves $136/mo available for distribution. Annual cash flow reaches $1,632/yr on $41,438 to close, and return on cash invested stands at 23.85% in year one. Equity gained on principal adds $807/yr while 5% annual appreciation supports $34,535 over five years. Portfolio math shows five-year ROI at 124.36% and total cumulative return in cash at $51,533. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $948/mo property income against a $612/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1981
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50666, Plainfield, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 452 (100%) |
| Owner Occupied HU | 362 (80.1%) |
| Renter Occupied HU | 46 (10.2%) |
| Vacant Housing Units | 44 ( 9.7%) |
| Median Home Value | $196,324 |
| Average Home Value | $229,841 |
Housing Distribution
Address Breakdown
Residential
329
Single Family
329
Multi-Family
0
Businesses
14
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Listed by: David Kelm • Century 21 Signature Real Estate-Waverly
Mls Name: Northeast Iowa Regional BOR
Mls Provider:
Mls ID: #20251132
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Based on information submitted to the MLS GRID as of 2025-03-26 12:47:39 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.