807 S 3rd AveRock RapidsIA51246
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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 Rock Rapids at 807 S 3rd Ave, Rock Rapids, IA, 51246 offers a 9.36% rental yield on a $117,000 purchase with $913/mo rent. Total monthly income registers $913/mo, and a $573/mo payment leaves $153/mo available for distribution. Annual cash flow reaches $1,834/yr on $38,786 to close, and return on cash invested stands at 24.64% in year one. Equity gained on principal adds $755/yr while 5% annual appreciation supports $32,325 over five years. Portfolio math shows five-year ROI at 128.62% and total cumulative return in cash at $49,885. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $913/mo property income against a $573/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1942
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51246, Rock Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,621 (100%) |
| Owner Occupied HU | 1,189 (73.3%) |
| Renter Occupied HU | 297 (18.3%) |
| Vacant Housing Units | 135 ( 8.3%) |
| Median Home Value | $247,222 |
| Average Home Value | $378,673 |
Housing Distribution
Address Breakdown
Residential
1,506
Single Family
1,422
Multi-Family
84
Businesses
166
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Listed by: David E Foltz • Sieperda/Foltz Ins. & Real Est
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #828859
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.