803 2nd StSullyIA50251
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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 Sully at 803 2nd St, Sully, IA, 50251 offers a 8.71% rental yield on a $235,000 purchase with $1,705/mo rent. Total monthly income registers $1,705/mo, and a $1,150/mo payment leaves $179/mo available for distribution. Annual cash flow reaches $2,148/yr on $77,903 to close, and return on cash invested stands at 22.67% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,926 over five years. Portfolio math shows five-year ROI at 118.01% and total cumulative return in cash at $91,936. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,705/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50251, Sully, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 567 (100%) |
| Owner Occupied HU | 447 (78.8%) |
| Renter Occupied HU | 90 (15.9%) |
| Vacant Housing Units | 30 ( 5.3%) |
| Median Home Value | $215,678 |
| Average Home Value | $279,223 |
Housing Distribution
Address Breakdown
Residential
415
Single Family
415
Multi-Family
0
Businesses
73
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Listed by: Heather Engbers • Iowa Realty Newton
Mls Name: DMMLS
Mls Provider:
Mls ID: #718598
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.