7404 Sioux AveReasnorIA50232
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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 Reasnor at 7404 Sioux Ave, Reasnor, IA, 50232 offers a 2.85% rental yield on a $450,000 purchase with $1,068/mo rent. 99% in year one. Equity gained on principal adds $2,904/yr while 5% annual appreciation supports $124,327 over five years. Portfolio math shows five-year ROI at 23.21% and total cumulative return in cash at $34,626. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,068/mo property income against a $2,203/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1916
2.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50232, Reasnor, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 204 (100%) |
| Owner Occupied HU | 162 (79.4%) |
| Renter Occupied HU | 28 (13.7%) |
| Vacant Housing Units | 14 ( 6.9%) |
| Median Home Value | $286,667 |
| Average Home Value | $328,873 |
Housing Distribution
Address Breakdown
Residential
168
Single Family
168
Multi-Family
0
Businesses
9
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Listed by: Megan Meyer • Iowa Realty Newton
Mls Name: DMMLS
Mls Provider:
Mls ID: #720932
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.