809 N 1st StCherokeeIA51012
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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 Cherokee at 809 N 1st St, Cherokee, IA, 51012 uses $62,819 cash to close to unlock $5,650/yr annual cash flow and $471/mo monthly cash flow. Total monthly income runs $1,702/mo, and a $928/mo payment keeps the spread at $471/mo. Purchase price stands at $189,500, and rental yield measures 10.78% with $1,702/mo rent. Return on cash invested shows 28.9% in year one, and 5% annual appreciation builds toward $52,355 over five years. Five-year ROI reaches 151.48% and total cumulative return in cash records $95,159. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,702/mo property income covering a $928/mo payment rather than investor’s personal income.
Single Family
Built in 1962
7,387 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51012, Cherokee, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,089 (100%) |
| Owner Occupied HU | 1,995 (64.6%) |
| Renter Occupied HU | 801 (25.9%) |
| Vacant Housing Units | 293 ( 9.5%) |
| Median Home Value | $181,510 |
| Average Home Value | $214,591 |
Housing Distribution
Address Breakdown
Residential
2,842
Single Family
2,479
Multi-Family
363
Businesses
342
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