739 6th AveCoon RapidsIA50058
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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
Rental property for sale in Coon Rapids at 739 6th Ave, Coon Rapids, IA, 50058 priced at $140,000 converts $0/mo rent into after a $685/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -3.59% in year one, and rental yield reads 0% against a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,679 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $685/mo payment, not borrower’s personal income.
Single Family
Built in 1947
7,013 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50058, Coon Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 870 (100%) |
| Owner Occupied HU | 624 (71.7%) |
| Renter Occupied HU | 151 (17.4%) |
| Vacant Housing Units | 95 (10.9%) |
| Median Home Value | $165,234 |
| Average Home Value | $211,130 |
Housing Distribution
Address Breakdown
Residential
811
Single Family
804
Multi-Family
7
Businesses
83
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No similar rental properties found nearby.
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Listed by: Christopher Eddy • Community Insurance & Realty
Mls Name: NoCoast MLS
Mls ID: #6331297