923 Driftwood StCorrectionvilleIA51016
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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
Investment property for sale in Correctionville at 923 Driftwood St, Correctionville, IA, 51016 listed at $121,000 pairs $1,009/mo rent with a $592/mo payment to leave $223/mo cash flow. Total monthly income runs $1,009/mo, and annual cash flow reaches $2,681/yr on $40,112 cash to close. Return on cash invested measures 26.59% in year one, and rental yield registers 10.01% at a $121,000 basis. Equity gained on principal adds $781/yr, and annual property appreciation at 5% supports $33,430 by year five. Five-year ROI tracks 139.16% and total cumulative return in cash totals $55,821. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,009/mo property income relative to a $592/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51016, Correctionville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 615 (100%) |
| Owner Occupied HU | 454 (73.8%) |
| Renter Occupied HU | 85 (13.8%) |
| Vacant Housing Units | 76 (12.4%) |
| Median Home Value | $185,465 |
| Average Home Value | $239,372 |
Housing Distribution
Address Breakdown
Residential
405
Single Family
399
Multi-Family
6
Businesses
37
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Listed by: Jessica Tadlock • Century 21 ProLink
Mls Name: Northwest Iowa Regional BOR
Mls ID: #829485