853 Park AveStory CityIA50248
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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 Story City at 853 Park Ave, Story City, IA, 50248 listed at $285,000 pairs $2,326/mo rent with a $1,395/mo payment to leave $475/mo cash flow. Total monthly income runs $2,326/mo, and annual cash flow reaches $5,700/yr on $94,478 cash to close. Return on cash invested measures 25.94% in year one, and rental yield registers 9.79% at a $285,000 basis. Equity gained on principal adds $1,839/yr, and annual property appreciation at 5% supports $78,740 by year five. Five-year ROI tracks 135.58% and total cumulative return in cash totals $128,094. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,326/mo property income relative to a $1,395/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1970
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50248, Story City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,119 (100%) |
| Owner Occupied HU | 1,434 (67.7%) |
| Renter Occupied HU | 514 (24.3%) |
| Vacant Housing Units | 171 ( 8.1%) |
| Median Home Value | $244,920 |
| Average Home Value | $312,753 |
Housing Distribution
Address Breakdown
Residential
2,008
Single Family
1,678
Multi-Family
330
Businesses
166
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Listed by: Tyler/Megan Frederiksen • Norsemen Realty Team - Friedrich Iowa Realty
Mls Name: CIBR
Mls ID: #68736