980 Fox Ridge RdDikeIA50624
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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 Dike at 980 Fox Ridge Rd, Dike, IA, 50624 listed at $620,000 pairs $3,598/mo rent with a $3,035/mo payment. Total monthly income runs $3,598/mo. Return on cash invested measures 17.54% in year one, and rental yield registers 6.96% at a $620,000 basis. Equity gained on principal adds $4,001/yr, and annual property appreciation at 5% supports $171,295 by year five. Five-year ROI tracks 90.48% and total cumulative return in cash totals $184,563. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,598/mo property income relative to a $3,035/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2004
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50624, Dike, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 796 (100%) |
| Owner Occupied HU | 681 (85.6%) |
| Renter Occupied HU | 79 ( 9.9%) |
| Vacant Housing Units | 36 ( 4.5%) |
| Median Home Value | $247,671 |
| Average Home Value | $275,349 |
Housing Distribution
Address Breakdown
Residential
478
Single Family
470
Multi-Family
8
Businesses
32
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Listed by: Lauren Duhaime • Oakridge Real Estate
Mls Name: Northeast Iowa Regional BOR
Mls Provider:
Mls ID: #20252523
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Based on information submitted to the MLS GRID as of 2025-06-04 12:12:28 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.