802 Riverview DrSioux RapidsIA50585
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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 Sioux Rapids at 802 Riverview Dr, Sioux Rapids, IA, 50585 uses $53,040 cash to close to unlock $5,268/yr annual cash flow and $439/mo monthly cash flow. Total monthly income runs $1,478/mo, and a $783/mo payment keeps the spread at $439/mo. Purchase price stands at $160,000, and rental yield measures 11.09% with $1,478/mo rent. Return on cash invested shows 29.84% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 156.5% and total cumulative return in cash records $83,006. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,478/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1963
7,446 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50585, Sioux Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 536 (100%) |
| Owner Occupied HU | 371 (69.2%) |
| Renter Occupied HU | 97 (18.1%) |
| Vacant Housing Units | 68 (12.7%) |
| Median Home Value | $116,146 |
| Average Home Value | $169,730 |
Housing Distribution
Address Breakdown
Residential
273
Single Family
251
Multi-Family
22
Businesses
48
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Listed by: Justin Mccarty • My Real Estate Company
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #828425
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.