839 Buchanan StWapelloIA52653
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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 Wapello at 839 Buchanan St, Wapello, IA, 52653 generates $972/mo in rent, after a $746/mo payment. Total monthly income is $972/mo. Return on cash invested sits at 19.48% in year one, and rental yield is 7.65% on a $152,500 entry. Equity gained on principal adds $984/yr, while 5% annual appreciation builds toward $42,133 over five years. Five-year ROI reaches 100.93% and total cumulative return in cash sums $51,023. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $972/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
9,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52653, Wapello, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,632 (100%) |
| Owner Occupied HU | 1,125 (68.9%) |
| Renter Occupied HU | 269 (16.5%) |
| Vacant Housing Units | 238 (14.6%) |
| Median Home Value | $157,972 |
| Average Home Value | $196,427 |
Housing Distribution
Address Breakdown
Residential
1,362
Single Family
1,331
Multi-Family
31
Businesses
118
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