816 17th AveEldoraIA50627
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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 Eldora at 816 17th Ave, Eldora, IA, 50627 offers a 12.59% rental yield on a $163,500 purchase with $1,716/mo rent. Total monthly income registers $1,716/mo, and a $800/mo payment leaves $654/mo available for distribution. Annual cash flow reaches $7,853/yr on $54,200 to close, and return on cash invested stands at 34.4% in year one. Equity gained on principal adds $1,055/yr while 5% annual appreciation supports $45,172 over five years. Portfolio math shows five-year ROI at 180.99% and total cumulative return in cash at $98,096. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,716/mo property income against a $800/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50627, Eldora, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,579 (100%) |
| Owner Occupied HU | 997 (63.1%) |
| Renter Occupied HU | 372 (23.6%) |
| Vacant Housing Units | 210 (13.3%) |
| Median Home Value | $147,877 |
| Average Home Value | $198,348 |
Housing Distribution
Address Breakdown
Residential
1,416
Single Family
1,352
Multi-Family
64
Businesses
143
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Listed by: Emily Ferris • Ferris Real Estate
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6329483
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.