State StElyIA52227
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 Ely at State St, Ely, IA, 52227 priced at $484,920 pairs $1,530/mo rent with after a $2,373/mo payment. Total monthly income equals $1,530/mo. Return on cash invested is 7.82% in year one, and rental yield stands at 3.79% on a $484,920 basis. Equity gained on principal adds $3,129/yr, and 5% annual appreciation accumulates to $133,974 by year five. Five-year ROI measures 38.46% and total cumulative return in cash reaches $61,825. For financing, Ziffy Mortgage’s DSCR program evaluates $1,530/mo property income against a $2,373/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
40.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52227, Ely, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,232 (100%) |
| Owner Occupied HU | 996 (80.8%) |
| Renter Occupied HU | 175 (14.2%) |
| Vacant Housing Units | 61 ( 5.0%) |
| Median Home Value | $348,160 |
| Average Home Value | $409,026 |
Housing Distribution
Address Breakdown
Residential
1,063
Single Family
996
Multi-Family
67
Businesses
51
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices