823 Trail Ridge RdIndianolaIA50125
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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 Indianola at 823 Trail Ridge Rd, Indianola, IA, 50125 priced at $440,000 converts $2,530/mo rent into after a $2,154/mo obligation. Total monthly income equals $2,530/mo. Return on cash invested prints 15.65% in year one, and rental yield reads 6.9% against a $440,000 entry. Equity gained on principal adds $2,839/yr, while 5% annual appreciation compiles into $121,564 by year five. Five-year ROI reaches 80.94% and total cumulative return in cash sums $118,066. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,530/mo property income covering a $2,154/mo payment, not borrower’s personal income.
Condo
Built in 2020
6,773 sqft lot
$N/A/sqft
$190 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50125, Indianola, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,941 (100%) |
| Owner Occupied HU | 6,204 (69.4%) |
| Renter Occupied HU | 2,072 (23.2%) |
| Vacant Housing Units | 665 ( 7.4%) |
| Median Home Value | $256,652 |
| Average Home Value | $303,097 |
Housing Distribution
Address Breakdown
Residential
8,498
Single Family
7,374
Multi-Family
1,124
Businesses
578
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Listed by: Josh Baker • Iowa Realty Indianola
Mls Name: DMMLS
Mls Provider:
Mls ID: #718611
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.