830 S Mill StDenverIA50622
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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 Denver at 830 S Mill St, Denver, IA, 50622 with 5% annual appreciation on a $349,000 basis while $2,726/mo rent supports operations. Total monthly income totals $2,726/mo and a $1,708/mo payment preserves $460/mo for cash returns. Annual cash flow comes to $5,515/yr on $115,694 deployed, and return on cash invested reaches 24.68% in year one. Equity gained on principal adds $2,252/yr, and five-year appreciation sums $96,422 alongside rental yield of 9.37%. Five-year ROI measures 128.8% and total cumulative return in cash totals $149,016.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,726/mo property income versus a $1,708/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2025
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50622, Denver, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,488 (100%) |
| Owner Occupied HU | 1,195 (80.3%) |
| Renter Occupied HU | 201 (13.5%) |
| Vacant Housing Units | 92 ( 6.2%) |
| Median Home Value | $256,884 |
| Average Home Value | $285,308 |
Housing Distribution
Address Breakdown
Residential
1,209
Single Family
1,153
Multi-Family
56
Businesses
93
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