800 S Mill StDenverIA50622
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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 Denver at 800 S Mill St, Denver, IA, 50622 priced at $349,000 converts $2,726/mo rent into $460/mo cash flow after a $1,708/mo obligation. Total monthly income equals $2,726/mo, and annual cash flow totals $5,515/yr on $115,694 invested. Return on cash invested prints 24.68% in year one, and rental yield reads 9.37% against a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation compiles into $96,422 by year five. Five-year ROI reaches 128.8% and total cumulative return in cash sums $149,016. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,726/mo property income covering a $1,708/mo payment, not borrower’s personal income.
Condo
Built in 2025
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50622, Denver, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,488 (100%) |
| Owner Occupied HU | 1,195 (80.3%) |
| Renter Occupied HU | 201 (13.5%) |
| Vacant Housing Units | 92 ( 6.2%) |
| Median Home Value | $256,884 |
| Average Home Value | $285,308 |
Housing Distribution
Address Breakdown
Residential
1,209
Single Family
1,153
Multi-Family
56
Businesses
93
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