809 S Tama StRock 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
Rental property for sale in Rock Rapids at 809 S Tama St, Rock Rapids, IA, 51246 priced at $284,000 converts $1,403/mo rent into after a $1,390/mo obligation. Total monthly income equals $1,403/mo. Return on cash invested prints 14.28% in year one, and rental yield reads 5.93% against a $284,000 entry. Equity gained on principal adds $1,833/yr, while 5% annual appreciation compiles into $78,464 by year five. Five-year ROI reaches 73.09% and total cumulative return in cash sums $68,813. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,403/mo property income covering a $1,390/mo payment, not borrower’s personal income.
Single Family
Built in 1948
0.25 Acres 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: #828526
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.