809 Iowa StCenter PointIA52213
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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 Center Point at 809 Iowa St, Center Point, IA, 52213 priced at $200,000 converts $1,625/mo rent into $326/mo cash flow after a $979/mo obligation. Total monthly income equals $1,625/mo, and annual cash flow totals $3,912/yr on $66,300 invested. Return on cash invested prints 25.81% in year one, and rental yield reads 9.75% against a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation compiles into $55,256 by year five. Five-year ROI reaches 134.89% and total cumulative return in cash sums $89,432. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,625/mo property income covering a $979/mo payment, not borrower’s personal income.
Single Family
Built in 1961
6,882 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52213, Center Point, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,816 (100%) |
| Owner Occupied HU | 1,476 (81.3%) |
| Renter Occupied HU | 241 (13.3%) |
| Vacant Housing Units | 99 ( 5.5%) |
| Median Home Value | $296,561 |
| Average Home Value | $399,499 |
Housing Distribution
Address Breakdown
Residential
1,600
Single Family
1,600
Multi-Family
0
Businesses
77
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Listed by: Rachel Sutton • RE/MAX CONCEPTS
Mls Name: CRAAR, CDRMLS
Mls ID: #2509394