9391 SE 6th AveRunnellsIA50237
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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 Runnells at 9391 SE 6th Ave, Runnells, IA, 50237 generates $2,539/mo in rent, after a $2,570/mo payment. Total monthly income is $2,539/mo. Return on cash invested sits at 14.01% in year one, and rental yield is 5.8% on a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 71.57% and total cumulative return in cash sums $123,621. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,539/mo property income rather than buyer’s personal income.
Single Family
Built in 1935
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50237, Runnells, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,212 (100%) |
| Owner Occupied HU | 1,058 (87.3%) |
| Renter Occupied HU | 116 ( 9.6%) |
| Vacant Housing Units | 38 ( 3.1%) |
| Median Home Value | $374,895 |
| Average Home Value | $411,269 |
Housing Distribution
Address Breakdown
Residential
1,129
Single Family
1,114
Multi-Family
15
Businesses
29
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Listed by: Kristin Coffelt • Boutique Real Estate
Mls Name: CIBR
Mls Provider:
Mls ID: #65483
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.