10023 N Glenstone CtJohnstonIA50131
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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 Johnston at 10023 N Glenstone Ct, Johnston, IA, 50131 offers a 13.27% rental yield on a $268,400 purchase with $2,968/mo rent. Total monthly income registers $2,968/mo, and a $1,314/mo payment leaves $1,019/mo available for distribution. Annual cash flow reaches $12,228/yr on $88,975 to close, and return on cash invested stands at 33.65% in year one. Equity gained on principal adds $1,732/yr while 5% annual appreciation supports $74,154 over five years. Portfolio math shows five-year ROI at 177.94% and total cumulative return in cash at $158,319. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,968/mo property income against a $1,314/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2011
3,746 sqft lot
$N/A/sqft
$185 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50131, Johnston, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,023 (100%) |
| Owner Occupied HU | 6,701 (60.8%) |
| Renter Occupied HU | 3,542 (32.1%) |
| Vacant Housing Units | 780 ( 7.1%) |
| Median Home Value | $379,844 |
| Average Home Value | $438,587 |
Housing Distribution
Address Breakdown
Residential
10,452
Single Family
8,790
Multi-Family
1,662
Businesses
712
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