902 Evans StSloanIA51055
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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 Sloan at 902 Evans St, Sloan, IA, 51055 uses $61,328 cash to close to unlock $8,244/yr annual cash flow and $687/mo monthly cash flow. Total monthly income runs $1,888/mo, and a $905/mo payment keeps the spread at $687/mo. Purchase price stands at $185,000, and rental yield measures 12.25% with $1,888/mo rent. Return on cash invested shows 33.35% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 175.31% and total cumulative return in cash records $107,511. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,888/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51055, Sloan, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 597 (100%) |
| Owner Occupied HU | 431 (72.2%) |
| Renter Occupied HU | 131 (21.9%) |
| Vacant Housing Units | 35 ( 5.9%) |
| Median Home Value | $249,038 |
| Average Home Value | $248,312 |
Housing Distribution
Address Breakdown
Residential
370
Single Family
370
Multi-Family
0
Businesses
40
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Listed by: Aaron Bircher • Re/Max Prime
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #817788
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.