841 Reed StAkronIA51001
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Nearby investment properties with comparable prices
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 Akron at 841 Reed St, Akron, IA, 51001 offers $1,556/mo rent that, after a $974/mo payment, leaves $264/mo cash flow. Total monthly income is $1,556/mo, and annual cash flow is $3,163/yr on $65,969 cash. Return on cash invested measures 24.7% in year one, and rental yield stands at 9.38% at a $199,000 entry. Equity gained on principal adds $1,284/yr while 5% annual appreciation compounds into $54,980 by year five. Five-year ROI records 128.98% and total cumulative return in cash reaches $85,086. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,556/mo property income versus a $974/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51001, Akron, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,004 (100%) |
| Owner Occupied HU | 719 (71.6%) |
| Renter Occupied HU | 217 (21.6%) |
| Vacant Housing Units | 68 ( 6.8%) |
| Median Home Value | $186,895 |
| Average Home Value | $219,075 |
Housing Distribution
Address Breakdown
Residential
876
Single Family
840
Multi-Family
36
Businesses
74
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Listed by: Carissa Derocher • The Home Element Realty, LLC
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #828198
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.