805 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
Rental property for sale in Sioux Rapids at 805 Riverview Dr, Sioux Rapids, IA, 50585 priced at $298,000 pairs $2,450/mo rent with $514/mo cash flow after a $1,459/mo payment. Total monthly income equals $2,450/mo, and annual cash flow comes to $6,170/yr on $98,787 invested. Return on cash invested is 26.16% in year one, and rental yield stands at 9.87% on a $298,000 basis. Equity gained on principal adds $1,923/yr, and 5% annual appreciation accumulates to $82,332 by year five. Five-year ROI measures 136.78% and total cumulative return in cash reaches $135,116. For financing, Ziffy Mortgage’s DSCR program evaluates $2,450/mo property income against a $1,459/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1973
0.51 Acres 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: Derek Eisenberg • Continental Real Estate Group, Inc.
Mls Name: NY State MLS
Mls ID: #11616573