924 Broad StStory 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
Rental property for sale in Story City at 924 Broad St, Story City, IA, 50248 priced at $152,500 converts $1,206/mo rent into $216/mo cash flow after a $746/mo obligation. Total monthly income equals $1,206/mo, and annual cash flow totals $2,592/yr on $50,554 invested. Return on cash invested prints 25.04% in year one, and rental yield reads 9.49% against a $152,500 entry. Equity gained on principal adds $984/yr, while 5% annual appreciation compiles into $42,133 by year five. Five-year ROI reaches 130.72% and total cumulative return in cash sums $66,083. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,206/mo property income covering a $746/mo payment, not borrower’s personal income.
Single Family
Built in 1910
10,454 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: Ashlee Ellsworth • Heartland Realty
Mls Name: CIBR
Mls Provider:
Mls ID: #67198
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.