920 Elm AveStory CityIA50248
Nearby investment properties with comparable rents
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 Story City at 920 Elm Ave, Story City, IA, 50248 offers $798/mo rent that, after a $514/mo payment, leaves $112/mo cash flow. Total monthly income is $798/mo, and annual cash flow is $1,348/yr on $34,808 cash. Return on cash invested measures 23.78% in year one, and rental yield stands at 9.12% at a $105,000 entry. Equity gained on principal adds $678/yr while 5% annual appreciation compounds into $29,010 by year five. Five-year ROI records 124.19% and total cumulative return in cash reaches $43,226. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $798/mo property income versus a $514/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1870
7,840 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tyler/Megan Frederiksen • Norsemen Realty Team - Friedrich Iowa Realty
Mls Name: CIBR
Mls Provider:
Mls ID: #66790
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. Data is deemed reliable but not accurate.