805 Woodland AveRicevilleIA50466
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Nearby investment properties with comparable prices
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 Riceville at 805 Woodland Ave, Riceville, IA, 50466 priced at $190,000 pairs $1,957/mo rent with $723/mo cash flow after a $930/mo payment. Total monthly income equals $1,957/mo, and annual cash flow comes to $8,676/yr on $62,985 invested. Return on cash invested is 33.68% in year one, and rental yield stands at 12.36% on a $190,000 basis. Equity gained on principal adds $1,226/yr, and 5% annual appreciation accumulates to $52,494 by year five. Five-year ROI measures 177.09% and total cumulative return in cash reaches $111,540. For financing, Ziffy Mortgage’s DSCR program evaluates $1,957/mo property income against a $930/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1968
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50466, Riceville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 743 (100%) |
| Owner Occupied HU | 543 (73.1%) |
| Renter Occupied HU | 128 (17.2%) |
| Vacant Housing Units | 72 ( 9.7%) |
| Median Home Value | $191,016 |
| Average Home Value | $305,948 |
Housing Distribution
Address Breakdown
Residential
619
Single Family
601
Multi-Family
18
Businesses
49
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