1003 Benton AveCorningIA50841
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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 Corning at 1003 Benton Ave, Corning, IA, 50841 priced at $144,500 pairs $840/mo rent with after a $707/mo payment. Total monthly income equals $840/mo. Return on cash invested is 17.45% in year one, and rental yield stands at 6.98% on a $144,500 basis. Equity gained on principal adds $932/yr, and 5% annual appreciation accumulates to $39,923 by year five. Five-year ROI measures 90.05% and total cumulative return in cash reaches $43,135. For financing, Ziffy Mortgage’s DSCR program evaluates $840/mo property income against a $707/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1890
7,884 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50841, Corning, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,345 (100%) |
| Owner Occupied HU | 856 (63.6%) |
| Renter Occupied HU | 282 (21.0%) |
| Vacant Housing Units | 207 (15.4%) |
| Median Home Value | $129,730 |
| Average Home Value | $211,168 |
Housing Distribution
Address Breakdown
Residential
1,208
Single Family
1,188
Multi-Family
20
Businesses
141
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Listed by: Dino Groumoutis • Creston Realty
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6319046
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.